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Zaitoun Green Shipping forms consortium for new maritime model

Aug 29, 2018
2 min read
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UAE’s Zaitoun Green Shipping said it has initiated a consortium to collaborate on improving the performance of container ships and forming a new business model for the maritime market.
As weak economic ecological performance plagues the global container shipping business due to expertise fragmented into networks and a general operating model that hinders utilisation of best practices in newbuilding projects and designing of new containerships, the Dubai-based company said.
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, according to Zaitoun Green Shipping.
Eng.Mohammed Zaitoun, president and CEO of Zaitoun Green Shipping said 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
The consortium consists of MacGregor, Mitsubishi Heavy Industries Marine Machinery & Equipment, Wärtsilä, Winterthur Gas & Diesel Ltd, Gaztransport & Technigaz (GTT), WIN GD, CargoTech and Carinafour.
“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,” Zaitoun said. “The implementation of operational excellence ensures that our approach is easy to do business with, and drives increased productivity and efficiency throughout the lifecycle.”
One of our main goals is to establish a competitive fleet of efficient and economical vessels that will ensure better profitability, he added.
The company said the ecological footprint of the 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 outdated.
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.

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