THE transition to a zero-carbon future will entail much more than changes to just technologies and fuels.

Shipping’s business models will also require adjustments in a world of higher demand expectations and tighter regulatory scrutiny.

OrbitMi chief executive Ali Riaz recently talked to Lloyd’s List about how companies in the shipping industry can adapt and thrive in this climate.

Mr Riaz believes that in the zero-carbon transition, a successful business model will have three important pillars.

“It has to be widely understood, it has to be easy to adopt and it has to have a transparent commercial framework and processes, because in the maritime industry trust and transparency are extremely important,” he said.

Decarbonisation presents a major challenge for the industry. But at the same time, it could lead to opportunities for those who know where to look.

“The beauty in this case is that focus on carbon and profitability are often different sides of the same coin,” Mr Riaz said.

Across the year, The Lloyd’s List Future of Shipping series will gather industry leaders, policy-makers, investors, financiers and sector experts to offer a unique programme of informed analysis and intelligent debate that will build into an industry playbook for a sustainable and profitable future. For more information and to register for our webinars, follow this link