“Shipping has prided itself on being the most environmentally friendly way of transporting cargo. It is time to take it further. Industry disruption, climate change and shifts in customer behaviour demand a new approach,” Matt Duke, Grieg Star Group CEO, commented.

The practical follow-up to Grieg Star's involvement in the Zero Emission Energy Delivery at Sea (ZEEDS) initiative, which envisions making zero-emission fuels available to the shipping industry, has already been announced by the new subsidiary.

In addition, the organization has begun to undertake several new ventures to define and develop new market opportunities with sustainability as a requirement in shipping and related maritime segments.

"Looking adjacent to our core business, we see a multitude of challenges that require new sustainable solutions. These solutions will both have a positive environmental effect, but also serve as a catalyst to new business models and developing our group competencies. This new knowledge, new business models and the ability to look beyond our main activities will be highly valuable in its own right. It will also provide a critical knowledge platform that can benefit our core ship owning and ship management divisions."

"We are confident that Grieg Edge will be able to solve several of the problems our industry & society face today,” Matt Duke added.

Maritime Business World