Zaitoun Green Shipping Reinforces Environmental Efficiency During “Malta Maritime Summit”

The Dubai-based Zaitoun Green Shipping L.L.C is currently participating at the second edition of “Malta Maritime Summit” that is being held from 1 to 5 October 2018. The event carries the theme of ‘The Voice of the Industry’, and several important themes, such as logistics, security, finance, digitalization, sustainability and Brexit, will be addressed.

Commenting on his participation, Eng.Mohammed Zaitoun, President and CEO of Zaitoun Green Shipping emphasized, “Our world-changing mission is to leverage our technical knowledge and vast experience to safeguard all life and property at sea by sparking new levels of innovation that revitalizes the maritime vessel industry and reduces the environmental footprint of all the projects that we deliver.”

Zaitoun added, “I’m here today at “Malta Maritime Summit” to emphasize the importance of environmental efficiency especially for cargo owners. We aim at creating high utilization eco-efficient vessels to be the pinnacle of the shipping industry. Technology is a key differentiator when it comes to achieving greater efficiency and maximizing performance on large merchant vessels. The future will be promising for those who are willing to invest heavily in R&D to find innovative solutions that deliver a competitive edge.”

Improving commercial shipping’s environmental footprint

Shipping causes serious risks to the environment. Apart from damage caused by dredging shipping channels and the spread of marine pests around the world, there is also growing concern about pollution. According to a report from the European Union, international shipping contributes 2.5% of global greenhouse gas emissions annually and it is predicted to rise between 50% and 250% by 2050.

Zaitoun confirmed, “IMO plays a vital role in protecting the marine environment worldwide. We assure that Zaitoun Green Shipping’s innovative technology solutions shall crucially contribute to protecting the marine environment. Moreover, our smart solutions will facilitate complying with the IMO regulations. We prioritize driving sustainability for the environment whilst assuring profitable gains and business growth for our partners.”

Zaitoun concluded, “This is a very important signal that the maritime community is taking seriously its role in global efforts to strengthen environmental efficiency for vessels. Eco-efficient vessels demand a premium price at new build stage, are more likely to be chartered, maintain asset value over time, and have a longer lifespan. Efficient vessels have an enhanced marketability as well as a higher revenue potential for the ship owner and thus a more favorable risk profile for financiers. That’swhy, the international maritime community from ship owners, regulators, private sector and authorities need to unify efforts to lead a future of vessels efficiency.”

It’s worth mentioning that 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 International Maritime 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.