A consortium of key international industry key players in smart technology has joined forces to radically improve performance of container ships and forming a new business model for this market, in response to shipping’s weak economic and ecological performance.
Dubai-based Zaitoun Green Shipping has initiated the consortium with partners including MacGregor, Mitsubishi Heavy Industries Marine Machinery & Equipment, Wärtsilä, Winterthur Gas & Diesel Ltd, Gaztransport & Technigaz (GTT), WIN GD, CargoTech and Carinafour.
Poor economic and ecological performance is driven by the expertise being fragmented into networks and the industry’s general operating models hindering utilisation of best practices in newbuilding projects and designing of new container ships, the company explained.
Meanwhile, the investments are mostly driven by capital expenditure rather than considering ship operations and earning capability over lifecycle, it added.
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 The systems on board are not used correctly leaving value in use uncaptured and many processes are outdated.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.
As such, the new consortium seeks to protect the marine environment and drive business growth with innovative and smart approaches, to drive for new business models that will lower the investment risk and to ensure ecological and profitable operations.
I have witnessed the current industry problems whereas mainly cargo owners are tied to existing ecosystem. 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,
…said Engineer Mohammed Zaitoun, president and CEO of Zaitoun Green Shipping.
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.