Safety Score for Shipowner
The Safety Score increases safety in the maritime industry by focusing on a vessel's operational history over the last five years and encouraging shipowners to invest in improved processes and technologies that make the entire supply chain safer.
The output is a score between one and five, where a vessel which has achieved a five out of five indicates leading safety performance. It incorporates various maritime datasets into one easy to understand score, benchmarking each vessel against the world fleet for the full view on global maritime safety.
The Safety Score creates a level playing field for all vessels on the water. Once a Safety Score is calculated, you can see where improvements can be made and take action. See your Safety Score improve overtime through the progress bar visualisation.
Features of Safety Score
for Shipowner
You’re in control
The fully transparent Safety Score is designed to show the operational performance of a vessel. It’s made up of six sub-scores and industry best practice rules that have been selected for their contribution to operational safety and ensure your ability to improve outcomes.
Access to more data
Gain the full insight to the data that contributes to a vessel’s Safety Score. See the severity of each Safety Score rule, incident, deficiency and PSC inspection on a vessel's activity timeline and understand their impact on your vessel's score.
A new way to benchmark safety
Benchmark your vessel within your peer group, exploring the full view of a how it compares against similar vessels. Vessel benchmarking within your company allows you to take fleet-wide action to invest in safety best practices to raise your profile and gain a competitive advantage.
Inspections for Shipowner
RightShip Dry inspections have been developed to assess the quality of a ship by verifying crew familiarity and compliance with statutory and safety requirements as well as industry recommendations and best practices. As part of the process, we also observe first-hand the onboard conditions with respect to crew welfare.
Our team follows a set process on each occasion to ensure consistency, and our Dry Bulk inspections go beyond statutory compliance requirements, incorporating industry guidelines and codes of practice. All inspections are carried out by our accredited expert. Inspectors who complete ongoing training in order to deliver consistent results.
RightShip’s global team of Dry Bulk and accredited SIRE inspectors are based in strategic locations worldwide. This makes inspections quick and easy to schedule. For example, RightShip’s Dry Bulk Inspections can be arranged at your discharge port to minimise disruptions.
Features of Inspections
for Shipowner
Unbiased quality assessment
Our independent inspections provide a clear insight into the operational condition of a vessel, complementing other vessel assessments and management audits, to promote improved standards in the industry and reduce the potential of accidents and incidents.
Best practise standards
The RightShip Dry Bulk Inspections questionnaire has been developed to provide a comprehensive best practice guide incorporating recommendations from maritime publications, P&I and Class circulars and IMO guidelines.
Awarding excellence
Each vessel is awarded with an active RightShip Dry Bulk Inspection badge in the RightShip platform. This markets shipowners who are investing in safe operations to RightShip vetting customers, providing safety conscious owners with a commercial advantage.
GHG Rating for Shipowner
The RightShip GHG Rating has become the industry standard as the systematic and transparent means of comparing the relative efficiency of the world’s shipping fleet. It has changed the way vessel operators benchmark their vessels and demonstrate the benefits of investing in efficiency.
It has been designed to highlight and reward those who prioritise efficiency in the design of their vessel. An energy efficient vessel has lower fuel costs and better chartering potential, which may lead to a higher initial asset value and a longer period of economic depreciation.
The GHG Rating is a dynamic model, meaning a vessel’s GHG Rating moves relative to the changing market. By using the GHG Rating benchmarking you can easily compare your vessels at a fleet, sector or global level and design a sustainability strategy that means you always have a market advantage through your investments.
Features of GHG Rating
for Shipowner
Transparency
Increased transparency into the efficiency measures undertaken during the design, build and operation of their respective fleet. Track how your fleet's efficiency rates in comparison to your peers as well as your progress towards goals.
Market your vessel
Improve the GHG Rating of your vessel by verifying your vessel with RightShip. The RightShip platform provides recognition for investing in efficiency measures by clearly displaying upgrades to your vessel (+) for all our due diligence customers to see.
Simplify your purchasing decisions
Transparency around efficiency is essential and increasingly useful in informing vessel purchasing practices. An energy efficient vessel has lower fuel costs and better chartering potential, which may lead to a higher initial asset value and a longer period of economic depreciation.
Carbon Accounting for Shipowner
An effective corporate climate change strategy requires a detailed understanding of a company’s emissions. Shipowners use RightShip’s Carbon Accounting tool to see the complete sustainability picture and understand the work ahead to reduce your emissions.
RightShip’s expert sustainability team provide a holistic view which includes emissions measurement, access to the RightShip GHG ratings and recommendations to mitigate your emission moving forwards. By gaining access to RightShip’s Sustainability tools and expert team, you will be provided with tailored reporting packages to measure your company’s carbon footprint.
Demand for greater transparent in tracking is increasing, with many shipowners setting internal emissions targets/ ESG alongside industry emissions targets such as IMO2030 and IMO2050. By starting to scope emissions in advance of regulatory changes, companies can create a robust and cost-effective emission strategy to future proof their operations.
Features of Carbon Accounting
for Shipowner
Access to data
RightShip’s Carbon Accounting tool tracks vessel specific emissions, looking at the fuel and cargo type, actual movement data and vessel specific information to provide more detailed insights for Shipowners. This gives a more robust and consistent measure of carbon emissions for each journey.
Hit your targets
Understand your performance helps you track your progress towards your goals. As part of RightShip’s Carbon Accounting, you can establish baselines, complete Sea Cargo Charter reporting, set reduction targets and measure progress towards your goals.
Industry leader
Companies which demonstrate investments into sustainability not only improve their operational environmental footprint but provide a strong investment and chartering competitive advantage.
Vetting for Charterer
RightShip’s vessel vetting is the industry standard for your marine due diligence and risk assessment. Through RightShip’s proprietary Platform, industry leading standard, unique data sets and global team of expert vetting superintendents, charterers can see if a vessel is a suitable commercial partner.
Built with you in mind, RightShip’s state of the art Platform provides full transparency of vets and speeds up the process through our bespoke communication channels. All data collection, cleansing and checking is also completed by our expert superintendents, based in strategic locations, to ensure that vessels undergo a thorough and robust assessment.
All vetting outcomes are stored in the cloud, along with all certificates and documentation, to confirm that you performed an independent, unbiased and outsourced due diligence check.
Features of Vetting
for Charterer
Global standard for safety, environmental and social welfare practises
All vessels are checked against the RightShip standard, which represents the minimum requirements for a RightShip recommendation. This includes the latest regulations, sanctions, government and port state control banned lists, abandonment cases and safety and sustainability best practices. This ensures that your due diligence checks are being carried out to the most up to date standards.
Expert recommendation
To ensure a robust due diligence process, outsource your vetting decisions to the experts and receive an independent and unbiased recommendation. Our team provides you with a complete view of your risk assessments, time stamped and recorded within the Platform.
Meet your ESG and CSR targets
RightShip has the only Platform that incorporates environmental sustainability and social responsibility into the due diligence process. The RightShip standard ensures every vessel and company is checked against our uniform expectations for social welfare and sustainability best practices. You can also combine vetting with our other sustainability products and measure your supply chain emissions through RightShip’s bespoke Carbon Accounting tool.
Safety Score for Charterer
The Safety Score lifts maritime industry safety standards by focusing on a vessel's operational history over the last five years. The output is a score between one and five, where a vessel that has achieved a five out of five indicates leading safety performance.
The fully transparent Safety Score is designed to show the operational performance of a vessel. It’s made up of six sub-scores and industry best practice rules that have been selected for their contribution to operational safety and ensure an operator has the ability to improve outcomes.
This provides you with an initial perspective on the operational performance of a potential vessel as part of a comprehensive due diligence process. Combined with our maritime expertise, industry leading database and robust vetting program, you'll receive a holistic picture of risk and suitability.
Features of Safety Score
for Charterer
Transparent score
See a clear breakdown of how each element contributes to the overall Safety Score of each vessel and select vessels based on specific areas of operational performance to fit your due diligence profile.
Access to more data
Gain the full insight to the data that contributes to a vessel’s Safety Score. See the severity of each Safety Score rule, incident, deficiency and PSC inspection on a vessel's activity timeline and understand their impact on an individual vessel's score.
Benchmarking
Benchmark vessels within their peer group, exploring the full view of a how a vessel compares against similar vessels. Access additional data, such as recent inspection date to see the full picture of safety and suitability.
GHG Rating for Charterer
We want to reach a 50 per cent reduction in shipping emissions by 2050. RightShip’s GHG Emissions Rating provides a transparent method to assess the relative efficiency of vessels and compare a ship’s theoretical CO2 emissions relative to peer vessels of a similar size and type using the easy to interpret A – G scale.
Companies who have adopted policies to remove inefficient vessels from their supply chain are enjoying the economic and sustainability benefits flowing to their business. The GHG Rating has changed the way charterers think about vessel selection and mitigate their emissions. It provides a proven emissions reduction strategy and a tangible way to reach your ESG goals.
The GHG Rating is a dynamic model, meaning a vessel’s GHG Rating moves relative to the changing market. This allows you to easily monitor market improvements, keep your sustainability strategy relevant and always drive positive change through your vessel selection process.
Features of GHG Rating
for Charterer
Simplifying your decisions
Provides visibility into vessel efficiency by simplifying complicated data through an easy to understand Rating. The easy to use A to G rating helps charterers make informed business decisions and identify more sustainable vessels, selecting vessels that will improve the emissions profile of their company.
Benchmarking
Compare the relative efficiency of vessels through global and fleet benchmarking, allowing you to fully understand your emissions profile and the emissions of the vessels you charter.
Leading the industry
Lead the industry towards lower emission targets through the RightShip GHG Rating. Integrate with RightShip’s vessel vetting to align industry emissions reduction targets with your ESG and CSR targets, allowing you to screen for only the most efficient vessels.
Carbon Accounting for Charterer
An effective corporate climate change strategy requires a detailed understanding of a company’s emissions. RightShip’s Carbon Accounting gives you access to RightShip’s Sustainability tools and expert team to provide you with tailored reporting packages to measure your company’s carbon footprint.
Charterers use the Carbon Accounting tool to work out their total emissions of all vessels used along their supply chain, finding areas where they can save on greenhouse gases. RightShip’s Carbon Accounting tool tracks vessel specific emissions, looking at the fuel and cargo type, actual movement data and vessel specific information to provide more detailed insights for charterers. This gives a more robust and consistent measure of carbon emissions for each journey.
By using RightShip you will be able to see the complete sustainability picture as well as understand the work ahead to reduce your emissions. RightShip’s expert sustainability team provide a holistic view which includes emissions measurement, access to RightShip’s GHG Rating and recommendations to mitigate your emission moving forwards.
Features of Carbon Accounting
forCharterer
Supply chain enhancements
For many companies, the majority of their GHG emissions and cost reduction opportunities lie outside their own operations. Broaden your company’s view of the entire supply chain and reduce efficiency risks using our comprehensive insights and carbon accounting data sets.
Hit your targets
Understand your performance helps you track your progress towards your goals. As part of RightShip’s Carbon Accounting, you can establish baselines, complete Sea Cargo Charter reporting, set reduction targets and measure progress towards your goals.
Industry leader
Many companies, both within and outside of the maritime industry, are looking towards a brighter more sustainable future for the planet. Stay at the forefront of innovation and position yourself as a market leader.
Vessel Vetting for Terminal & Ports
Terminal operators use RightShip’s vetting service to encourage safer vessels to enter their terminal and record a full audit trail to substantiate decision making.
Built with you in mind, RightShip’s state of the art Platform provides full vetting transparency and speeds up the process through our bespoke communication channels. All data collection, cleansing and checking is also completed by our expert superintendents, based in strategic locations, to ensure that vessels undergo a robust assessment.
Once a vessel has loaded at a terminal that subscribes to RightShip, feedback from the terminal staff is recorded against the vessel for future reference, ensuring that non-commercial performance information is readily available to all RightShip users.
Terminals can also benchmark their risk profile, quality assurance criteria and environmental impact against other RightShip clients. In addition, they are better placed to analyse their own performance over time for reporting purposes.
Features of Vetting
for Terminal & Ports
Safety Solutions designed for you
Leaders in the industry
Terminals can position themselves as leaders in the safety and sustainability space by vetting their vessels through the RightShip Platform. All vessels are checked against the RightShip standard, which represents the minimum requirements for a RightShip recommendation. This includes the latest regulations, sanctions, government and port state control banned lists, abandonment cases and safety and sustainability best practices.
Terminal Feedback reports submitted online
Terminal feedback, including dry berth or tanker terminal feedback reports, can be submitted to RightShip after a vessel has called at the port. The information in these reports provides RightShip with an operational history of the vessel, which is considered when assessing the suitability of the vessel in future vets. RightShip will pursue any issues or negative feedback with the vessel operators until a satisfactory close-out has been received.
Terminal questionnaires
Terminal Questionnaires (TQ) are offered as part of your ship scheduling and nomination process. They are fully automated and digitised by RightShip. Check a vessel’s suitability by requesting information specific to their mooring configuration, loading and deballasting rates and helicopter suitability prior to berthing. All information is uploaded and checked through the RightShip Platform by our experienced vetting staff.
Safety Score for Terminal & Ports
The Safety Score lifts maritime industry safety standards by focusing on a vessel's operational history over the last five years. The output is a score between one and five, where a vessel that has achieved a five out of five indicates leading safety performance.
The fully transparent Safety Score is designed to show the operational performance of a vessel. It’s made up of six sub-scores and industry best practice rules that have been selected for their contribution to operational safety and ensure an operator has the ability to improve outcomes.
This provides you with an initial perspective on the operational performance of a potential vessel as part of a comprehensive due diligence process. Combined with our maritime expertise, industry-leading database and robust vetting program, you'll receive a holistic picture of risk and suitability.
Features of Safety Score
for Terminal & Ports
Safety Solutions designed for you
Transparent score
See a clear breakdown of how each element contributes to the overall Safety Score of each vessel, which allows you to select vessels based on specific areas of operational performance to fit your due diligence profile.
Access to more data
Gain clear insight to the data that contributes to a vessel’s Safety Score. See the severity of each Safety Score rule, incident and deficiency as well as each PSC inspection on a vessel's activity timeline and understand their impact on an individual vessel's score.
Benchmarking
Benchmark vessels within their peer group, exploring the full view of how a vessel compares against similar vessels. Access additional data, such as recent inspection date to see the full picture of safety and suitability.
Maritime Emissions Portal
Combining proprietary data from RightShip’s GHG Rating, including vessel specifications and additional energy saving equipment, with daily automatic vessel positioning data, the Maritme Emissions Portal gives you the full view of your port’s emissions profile.
Using innovative heatmap and zoning technology the MEP provides a clear analysis of your environmental profile over any time frame, so you can make practical decisions and manage emissions
The MEP can be set up for your port or for an individual terminal. Working with our team, you will be able to set up, monitor and analyse the pertinent information to make lasting advances in your emission management and reduction.
Measure your emissions
Benchmarking your current operations helps you to develop a feasible strategy to measure your impact and implement solutions. The MEP provides easy to understand metrics which can be used in internal reporting and emissions roadmap plans.
Reduction strategies
Combined with RightShip’s other products, such as vessel vetting as well as a Port Incentive Scheme, the port can start taking action towards lowering vessel emissions. Our team is on hand to provide guidance on how you can work towards your ESG targets.
Support your local community
The ability to track emissions from shipping through air quality data and make proactive changes will help you to work with industry bodies and regulators to create healthier, more resilient communities and protect the environment around your port
GHG Rating for Terminal & Ports
Ports and Terminals use the GHG Rating to create cleaner environments through benchmarking emissions and environmental incentive programs.
Positioned – quite literally – at the forefront of the effects of global warming and rising sea levels, ports are increasingly aware of the impact of CO2 emissions.
Pioneering ports such as Canada’s Port of Vancouver and Prince Rupert Port Authority now use RightShip’s GHG Rating to offer incentives for more efficient ships, reducing CO2 emissions and other criteria pollutants in port.
Features of GHG Rating
for Terminal & Ports
Sustainability Solutions designed for you
Benchmarking
Ability to benchmark and track emissions per vessel call, which allows the development of a baseline of emissions and an overall carbon-emissions target
Increased throughput
Ability to increase cargo volumes (throughput) while maintaining or reducing overall CO2 emissions.
Trend setter
Improved stakeholder relations generating significant social capital within the local community, due to the health benefits for local residents from the reduced emissions. Recognition as a leader in the maritime industry, pioneering the growing global movement to increase focus on emissions and efficiency.
Carbon Accounting for Terminal & Ports
An effective corporate climate change strategy requires a detailed understanding of a company’s emissions. RightShip’s Carbon Accounting gives you access to RightShip’s Sustainability tools and expert team to provide you with tailored reporting packages to measure your company’s carbon footprint.
Ports and Terminals use the Carbon Accounting tool to work out their total emissions of all vessels used along their supply chain, finding areas where they can save on greenhouse gases. RightShip’s Carbon Accounting tool tracks vessel specific emissions, looking at the fuel and cargo type, actual movement data and vessel specific information to provide more detailed insights for vessels coming to your port/terminal. This gives a more robust and consistent measure of carbon emissions for each journey.
By using RightShip you will be able to see the complete sustainability picture as well as understand the work ahead to reduce your emissions. RightShip’s expert sustainability team provide a holistic view which includes emissions measurement, access to RightShip’s GHG Rating and recommendations to mitigate your emission moving forwards.
Features of Carbon Accounting
for Terminal & Ports
Sustainability Solutions Designed for you
Supply chain enhancements
For many companies, the majority of their GHG emissions and cost reduction opportunities lie outside their own operations. Broaden your company’s view of the entire supply chain and reduce efficiency risks using our comprehensive insights and carbon accounting data sets.
Hit your targets
Understand your performance helps you track your progress towards your goals. As part of RightShip’s Carbon Accounting, you can establish baselines, complete Sea Cargo Charter reporting , set reduction targets and measure progress towards your goals.
Industry leader
Many companies, both within and outside of the maritime industry, are looking towards a brighter more sustainable future for the planet. Stay at the forefront of innovation and position yourself as a market leader.
Safety Score for Financial
The Safety Score lifts maritime industry safety standards by focusing on a vessel's operational history over the last five years. The output is a score between one and five, where a vessel that has achieved a five out of five indicates leading safety performance.
The fully transparent Safety Score is designed to show the operational performance of a vessel. It’s made up of six sub-scores and industry best practice rules that have been selected for their contribution to operational safety and ensure an operator has the ability to improve outcomes.
This provides you with an initial perspective on the operational performance of a potential vessel as part of a comprehensive due diligence process. Combined with our maritime expertise, industry leading database and robust vetting program you'll receive a holistic picture of risk and suitability.
Features of Safety Score
for Financial
Transparent score
See a clear breakdown of how each element contributes to the overall Safety Score of each vessel, which allows you to select vessels based on specific areas of operational performance to fit your due diligence profile.
Access to more data
Gain clear insight to the data which contributes to a vessel’s Safety Score. See the severity of each Safety Score rule, incident and deficiency as well as each PSC inspection on a vessel's activity timeline and understand their impact on an individual vessel's score.
Benchmarking
Benchmark vessels within their peer group, exploring the full view of a how a vessel compares against similar vessels. Access additional data, such as recent inspection date to see the full picture safety and suitability.
GHG Rating for Financial
Financial Institutions use the GHG Rating to minimise or mitigate lending risk and to develop more sustainable practices. As the trend towards sustainable investment grows, financial institutions increasingly factor sustainability into their lending criteria.
Energy efficient vessels often have lower fuel costs and better chartering potential, which can ensure greater return on investment over the lifetime of the vessel. In addition, a more efficient vessel may align more closely with an organisation’s Corporate Social Responsibility (CSR) requirements.
The GHG Rating providing a standard framework for measuring the efficiency of an investment portfolio and the ability to track changes over time
Features of GHG Rating
for Financial
Sustainable investments
Banks are provided with an opportunity to reduce their risk by using the GHG Rating to identify and finance energy efficient assets. This is especially significant given the current over-supply of vessels in the market and the typical 25-30 year investment horizon.
Better returns
The GHG Rating can also be used to map the correlation between investment risk and vessel employment as an increasing number of charterers seek out more efficient vessels. An energy efficient vessel has lower fuel costs and better chartering potential, which may lead to a higher initial asset value and a longer period of economic depreciation.
Access more data
Efficiency data is also being used in credit-approval processes for vessel purchases, sustainable finance assessments for retrofit projects, with banks citing efficiency as a key indicator for a vessel’s profitability.
Carbon Accounting for Financial
An effective corporate climate change strategy requires a detailed understanding of a company’s emissions. RightShip’s Carbon Accounting gives you access to RightShip’s Sustainability tools and expert team to provide you with tailored reporting packages to measure your company’s carbon footprint.
Financial Institutions use the Carbon Accounting tool to work out their total emissions of all vessels used along their supply chain, finding areas where they can save on greenhouse gases. RightShip’s Carbon Accounting tool tracks vessel specific emissions, looking at the fuel and cargo type, actual movement data and vessel specific information to provide more detailed insights for your fleet. This gives a more robust and consistent measure of carbon emissions for each journey.
By using RightShip you will be able to see the complete sustainability picture as well as understand the work ahead to reduce your emissions. RightShip’s expert sustainability team provide a holistic view which includes emissions measurement, access to RightShip’s GHG Rating and recommendations to mitigate your emission moving forwards.
Features of Carbon Accounting
for Financial
Supply chain enhancements
For many companies, the majority of their GHG emissions and cost reduction opportunities lie outside their own operations. Broaden your company’s view of the entire supply chain and reduce efficiency risks using our comprehensive insights and carbon accounting data sets.
Hit your ESG targets
Understand your performance helps you track your progress towards your goals. As part of RightShip’s Carbon Accounting, you can establish baselines, complete Sea Cargo Charter reporting, set reduction targets and measure progress towards your ESG/ CSR goals.
Industry leader
Many companies, both within and outside of the maritime industry, are looking towards a brighter more sustainable future for the planet. Stay at the forefront of innovation and position yourself as a market leader.
Safety Score for Marine Insurance
The Safety Score increases safety in the maritime industry by focusing on a vessel's operational history over the last five years. The output is a score between one and five, where a vessel that has achieved a five out of five indicates leading safety performance.
The fully transparent Safety Score is designed to show the operational performance of a vessel. Made up of six sub-scores and industry best practice rules have been selected for their contribution to operational safety and ensure an operator has the ability to improve outcomes.
This provides you with an initial perspective on the operational performance of a potential vessel as part of a comprehensive due diligence process. Coupled with maritime expertise, an industry leading database and as part of a robust vetting program, you'll be able to take a holistic approach to risk and safety.
Features of Safety Score
for Marine Insurance
Transparent score
See a detailed breakdown of how each element contributes to the overall Safety Score of each vessel, which allows you to select vessels based on specific areas of operational performance to fit your due diligence profile.
Access to more data
Gain clear insight to the data that contributes to a vessel’s Safety Score. See the severity of each Safety Score rule, incident and deficiency as well as each PSC inspection on a vessel's activity timeline and understand their impact on an individual vessel's score.
Benchmarking
Benchmark vessels within their peer group, exploring the full view of how a vessel compares against similar vessels. Access additional data, such as recent inspection dates to see the full picture of safety and suitability.
GHG Rating for Marine Insurance
We want to reach a 50 per cent reduction in shipping emissions by 2050. RightShip’s GHG Emissions Rating provides a transparent method to assess the relative efficiency of vessels and compare a ship’s theoretical CO2 emissions relative to peer vessels of a similar size and type using the easy to interpret A – G scale.
Companies who have adopted policies to remove inefficient vessels from their supply chain are enjoying the economic and sustainability benefits flowing to their business. The GHG Rating has changed the way insurers think about the correlation between insurance risk and vessel employment as an increasing number of charterers seek out more efficient vessels.
The GHG Rating is a dynamic model, meaning a vessel’s GHG Rating moves relative to the changing market. This allows you to easily monitor market improvements and keep your sustainability strategy relevant. As more nations place a price on carbon, the payoff for investing in energy efficient vessels will materialise and insurance firms and P&I clubs that continually invest in their sustainability strategy will have significant market advantage.
Features of GHG Rating
for Marine Insurance
Simplifying your decisions
Provides visibility into vessel efficiency by simplifying complicated data through an easy to understand Rating. The simple A to G rating helps insurers and P&I clubs make informed business decisions and select vessels that will improve the emissions profile of their company.
Benchmarking
Compare the relative efficiency of vessels through global and fleet benchmarking, allowing you to fully understand your emissions profile and the emissions of the vessels you charter. Ensure you maintain your leading position as an low emissions insurer.
Leading the industry
Lead the industry towards lower emission targets through the RightShip GHG Rating. Fully understand your emissions profile and the vessels you insure to hit your ESG and CSR targets, allowing you to insurer only the most efficient vessels.
