Norwegian ship operator Grieg Star has set up a separate company, Grieg Edge, to drive innovations within sustainable maritime services.
The new subsidiary has already taken over the practical follow up of Grieg Star’s participation in the ZEEDS initiative. Besides, the company has started developing several new projects, aiming to identify and develop new business opportunities within shipping and related maritime segments – always with sustainability as a requirement.
“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. For our deep-sea investments, we have an excellent platform for innovation with G2 Ocean, and together with our partner Gearbulk we will strive to develop the Open Hatch trade further,” Grieg Star Group CEO Matt Duke said.
“But 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,” he added.
The new company is headed by Nicolai Grieg, former Head of Finance at Grieg Star.
“It has been vital for us to make the organisation as lean as possible. At the same time, we have a lot of competence and know-how in the Grieg Group. We will utilise that to the fullest,” said Nicolai Grieg.
By letting employees work across company borders, the Grieg Group will be able to grow both business and employee competency. In addition, Grieg Edge cooperates with a wide range of partners.
Grieg Edge was established early this year and has spent the first months mapping the market, problems and possible solutions. The focus is on finding solutions for existing and emerging hurdles for maritime businesses – always with sustainability as a goal.
“In the Grieg Group, we say that we will restore our oceans. Grieg Edge as a company is dedicated to this work and with the ambition to take part in the development of new sustainable businesses and technologies. We focus on short-sea shipping, offshore wind, energy and infrastructure, and cleaning up the seas.” Said Grieg.