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RightShip’s GHG Rating, EEXI and CII

RightShip has assessed EEXI and CII in relation to the GHG Rating, and has the following updates: 

RightShip will continue to provide the market the GHG Rating which will continue to focus on vessel design in-line with the EEDI guidelines. Later in 2023, RightShip will refresh it’s GHG rating system to incorporate EEXI alongside EEDI and EVDI to be industry’s first rating to incorporate all three indices, providing the maritime sector with one simple and easy to use rating when measuring and assessing a vessel’s emissions.

To support shipowners, we will continue to accept energy saving equipment  and design improvements (as aligned to the EEDI/EEXI guidelines) to vessels to ensure innovative measures are utilised in the market and ‘efficient vessel design’ is prioritised.  We’ll be updating our platform to incorporate the EEXI scores whilst enhancing our GHG Rating methodology to remove the undue mathematical influence of power limitation. This will ensure we continue to provide a ‘level playing field’ for the GHG Rating as a relative measure of efficiency between similar vessels.

Looking to the future, our Sustainability team is currently assessing opportunities to provide more insight to the market through vessel operational insights.  

FAQs

Will RightShip continue to provide the GHG Rating through RightShip’s Platform? 

  • RightShip will continue to provide the GHG Rating on the RightShip Platform.  
  • RightShip is currently working with its broad range of customers, including charterers, ship owners, operators and financial institutions, to align the GHG Rating to their vetting and/or sustainable finance requirements.   

Does RightShip plan to change the EVDI and/or GHG Rating? 

  • Later in 2023, RightShip will refresh it’s GHG rating system to incorporate EEXI alongside EEDI and EVDI to be industry’s first rating to incorporate all three indices, providing the maritime sector with one simple and easy to use rating when measuring and assessing a vessel’s emissions.
  • The GHG rating methodology will be updated to allow incorporation of the EEXI.
  • RightShip are currently evaluating the potential impact of the CII ratings system (A-E) against our GHG Rating (A-G) and will release further information in 2023

How is RightShip incorporating the EEXI which is due to come into regulation on 1 January 2023? 

  • RightShip aims to drive innovation and achieve decarbonisation. Based on this, we think market drivers that reward both innovative design and operation should be encouraged.
  • RightShip is accepting EEXI technical files and IEE Certificates with EPL introduce below MPP Level 1 to comply to the EEXI regulation. 
  • RightShip will not accept the EEXI report as an input to EVDI / GHG Rating due to differences in EEXI guidelines for assessing the relevant parameters, e.g., Vref (speed), and influence of EPLs.  
  • RightShip is live testing the EEXI data received with the new methodology, further updates will be released in the near future.
  • RightShip will not accept the EEXI report as an input to EVDI / GHG Rating due to differences in EEXI guidelines for assessing the relevant parameters, e.g., Vref (speed), and influence of EPLs.  

     

As per forthcoming IMO CII regulations it is expected that vessels will be rated on a scale of A to E as of the end of 2023. Is there any plan for RightShip's GHG ratings (on a scale A to G) to fall in line with CII ratings once they become available and in what way? 

  • RightShip’s GHG Rating is fundamentally different to EEXI and/or CII as the GHG rating focusses purely on vessel design.  
  • RightShip are currently evaluating the potential impact of the CII ratings system (A-E) against our GHG Rating (A-G) and will release further information in 2023. 
  • RightShip is currently assessing opportunities to provide more insight to the market through vessel operational insights.  

Will RightShip display the EEXI and/or the CII metrics on the RightShip Platform? 

  • RightShip will display the required and attained EEXI metrics on the RightShip platform.
  • RightShip is currently assessing opportunities to provide more insight to the market through vessel operational insights, this may include the CII.