Zaitoun Green Shipping establishes maritime consortium
Dubai –based Zaitoun Green Shipping has established a consortium to collaborate on radically improving performance of container ships and forming a new business model for the shipping sector.
The consortium consists of international industry players such as MacGregor, Mitsubishi Heavy Industries Marine Machinery & Equipment, Wärtsilä, Winterthur Gas & Diesel Ltd, Gaztransport & Technigaz (GTT), WIN GD, CargoTech and Carinafour.
The global container shipping business is suffering from weak economic and ecological performance. One of the main reasons for this is that expertise is fragmented into networks and the industry's general operating models hinder utilisation of best practices in newbuilding projects and designing of new containerships.
The ecological footprint of the shipping industry as a whole is substantial, leading the International Maritime Organization (IMO) and many local authorities to enforce several new rules and regulations to restrict emissions.
At the same time the investments are mostly driven by capital expenditure rather than considering ship operations and earning capability over the lifecycle.
“I have witnessed the current industry problems where cargo owners are tied to an existing ecosystem,” says Mohammed Zaitoun, president and CEO of Zaitoun Green Shipping.
“That’s why 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.”
“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,” he added. “The implementation of operational excellence ensures that our approach is easy to do business with, and drives increased productivity and efficiency throughout the lifecycle.”
According to Zaitoun 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,” he said.