Gulf Intelligence Energy Market Forum in Fujairah focuses on new IMO 2020 regulations
At a recent forum in Fujairah, UAE, Zaitoun Green Shipping highlighted its efforts to improve the vessels’ efficiency to align with the new MO2020 compliance requirements and beyond
The Dubai-based Zaitoun Green Shipping recently participated at the 9th edition of the two day ‘Gulf Intelligence Energy Market Forum’.
The forum centred on the theme of ‘IMO2020- Megatrends and the Energy Transition’; where key industry players and decision makers shared their insights on the topic during informative sessions and roundtables.
“We are moving rapidly towards the IMO2020 and the shipping industry needs to keep up its pace to align itself with the new regulations and the future. There is a call for change that needs to be addressed in the industry; more ship owners and decision makers need to diversify their business models to stay ahead of the curve, maintain their sustainable growth and preserve their continuity in the market,” remarked Eng.Mohammed Zaitoun, CEO, Zaitoun Green Shipping and President of the International Maritime Consortium.
Decreasing vessels footprint for a green future
According to market research, LSFO (Low Sulphur Fuel Oil) is priced around 200-300 US dollars per barrel. This is an alarming indicator for ship owners, and calls for immediate actions. Keeping sustainable standards in the shipbuilding process is a key differentiator when it comes to achieving greater efficiency and maximizing performance on large merchant vessels.
“Ships are responsible for more than 18 percent of some air pollutants. Therefore, there is need to change the ships that are being built to be more sustainable and proactive towards environmental compliance. According to a report from the European Union, international shipping contributes to 2.5% of global greenhouse gas emissions annually, and it is predicted to rise between 50% and 250% by 2050.” Zaitoun confirmed.
Zaitoun Green Shipping has initiated innovative sustainable and green initiative through the International Maritime Consortium to ensure the efficiency of ships and create a new business model for the market. The company contributed to the construction of the world’s greenest and most efficient Ultra Large Container Vessels. The efficient and qualified vessels went on to produce countless TEU (Twenty-foot Equivalent Unit) records and resulted in 60% lower CO2 output per TEU compared to larger container vessels existing in the market.
