Subscribers who choose to use this feature can instantly see a rating highlighting the vessel’s sustainability credentials and all the detailed performance data that created that evaluation.
Ship contribute to environmental harm through the emission to the atmosphere of greenhouse gases (GHG), primarily carbon dioxide (CO2), and pollutants including nitrogen oxides (NOx), sulphur oxides (SOx) and unburnt hydrocarbon particulate matter (PM).
The environmental impact of shipping can be reduced by fuel efficient ships, with modern IMO-compliant engines using low sulphur fuel, optimising cargo movement operations. A vessel’s “Energy Efficiency Design Index” is calculated on characteristics of the ship at build, incorporating parameters including ship capacity, engine power and fuel consumption, while its “Energy Efficiency Operational Indicator” is an ongoing assessment of CO2 performance, incorporating cargo load, fuel consumption, ship speed and voyage distance.
RightShip collects the best available data related to these indices and the vessel’s performance to establish its rating. The vetting system uses data relevant to sustainability including pollution incidents, ISO14001, CO2 emissions index, MARPOL deficiencies and affiliations with RightShip partners including AUSMEPA, Green Award and Class Societies’ Environmental Certification/Programs.
Until now, this kind of data has been dispersed and companies had no cost-effective way to gather and use it in their decision-making.
RightShip believes the main benefits will include:
- Charterers making better informed decisions that align vessel selection with their sustainability policies and with the Poseidon Challenge and maritime protection associations.
- Rewards to owners who have proactively invested in corporate social responsibility
- Opportunities to benchmark vessel owners as well as faclitate vessel selection to meet pollution reduction targets.
The environmental rating sits alongside RightShip’s proven, standard risk rating as a complementary support to decision-making. It will not have any impact on current inspection processes or eligibility criteria – it is a separate rating for customers who choose to see it.
