Zaitoun Green Shipping Forms Consortium for New Maritime Model

Dubai  based  Zaitoun Green Shipping has initiated, together with world leading  companies  in  smart  technology  and  solutions,  a consortium to collaborate  on  radically  improving  performance  of  container ships and forming a new business model for this market.

The consortium consists of the top international industry key players such as MacGregor, Mitsubishi Heavy Industries Marine Machinery & Equipment, Wärtsilä, Winterthur Gas & Diesel Ltd, Gaztransport & Technigaz (GTT), WIN GD, CargoTech and Carinafour.  

Global container shipping business is suffering from weak economic and ecological performance.  One  of  the  main  reasons  for this is that the expertise  is fragmented into networks and the industry's general operating models  hinder  utilization  of  best practices in newbuilding projects and designing  of  new  containerships.  

The  ecological  footprint of shipping industry  as a whole is substantial and International Maritime Organization (IMO)  and  many  local  authorities  have  enforced  several new rules and regulations  in  last  years  to  restrict  emissions. At the same time the investments   are   mostly   driven  by  capital  expenditure  rather  than considering   ship   operations  and  earning  capability  over  lifecycle.

The majority of shipping lines are delivering results that are mediocre, at best.  The systems on board are not used correctly leaving value in use uncaptured and many processes are outdated.

The industry has come to a point where it must change and adopt new technologies, processes and operating models in order to cope with both commercial and ecological challenges. Since Zaitoun Green Shipping’s mission is to protect the marine environment and drive business growth with innovative and smart approaches, the new consortium is committed to drive for new business models that will lower the investment risk and ensure ecological and profitable operations.

Eng.Mohammed Zaitoun, President and CEO of Zaitoun Green Shipping explained, “I have witnessed the current industry problems wheras mainly cargo owners are tied to existing ecosystem. That’swhy I thought about developing a consortium of the main industry key players which will promote efficiency by taking a whole-ship approach and working forward to producing the most economical and environmental friendly vessels.”

Zaitoun has successfully formed the consortium with of winning team of the most innovative professionals and pioneers who will collaborate to shape the industry with innovation. He added, “This innovative culture driven from the consortium, together with a constant emphasis on safety, diversity, and high ethical standards, attracts skilled and committed people and creates the basis for a high performing consortium. The implementation of operational excellence ensures that our approach is easy to do business with, and drives increased productivity and efficiency throughout the lifecycle.”

Zaitoun concluded, “Collaboration and sharing is the future. We welcome all the interested parties worldwide to work with us through our collaborative consortium seeking together for a smarter and greener shipping future. One of our main goals is to establish a competitive fleet of efficient and economical vessels that will ensure better profitability.”