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As a new CEO has not yet been engaged for RightShip, the Board have asked me to extend my tenure here until January 2018.
The plan remains that following the appointment of my replacement I will stay on as an advisor to the RightShip Board and incoming CEO for some months.
The Board are going through a very thorough & detailed process to ensure the right person takes up the role. In the meantime I'm still at the helm, and as you can see it's 'business as usual' at RightShip.
On the subject of staff movements, Glen Symonds (Manager - Dry Vetting) has announced his retirement after ten years at RightShip.
Responsible for our global Dry Cargo Inspections, Glen's hard work and passion for the maritime industry has been invaluable to us at RightShip. He will be sorely missed, and we wish both Glen and Mary-Ann all the very best for his retirement.
I would like to thank all our customers for their patience whilst we undertook the first retrain of Qi. As this was the model's first retrain and it had been some months since release, there was a greater than usual 'movement' of risk ratings, which won't be as significant in future retrains. If anyone would like to query the cause of rating changes please contact us.
Future retrains will be more frequent and have less impact on vessel rating stability. For more information on the retrain visit our website.
Warwick Norman, CEO, RightShip
Although we have retained the 5 star risk rating symbol, the new predictive risk model introduced with RightShip Qi represents an entirely new risk rating calculation.
In a 5 star rating system, the ‘average’ vessel is, logically, a 3 star vessel.
However over the 16-year life of SVIS the distribution of star ratings became distorted by the influx of new vessels, and unlike Qi, SVIS was not a dynamic model so did not adapt to the change in the fleet.
Over time, the ‘average’ vessel rating crept up, and the number of 4 and 5 star vessels was over-represented.
The introduction of the Qi model provided the opportunity to ‘correct’ the spread of vessel ratings, so that now the 'average' vessel is closer to a 3 star rating. This has led to a shift in the star ratings of some vessels, but provides a more accurate statistical representation of the fleet.
Given this redistribution of star ratings, we will take the opportunity to reiterate that we advise against the use of a 'RightShip clause' in charter party arrangments.
If you have a question regarding the change in rating on individual vessels please contact our vetting team.
Since 2012, RightShip's GHG Rating has allowed companies to factor energy efficiency in to their vessel operations. Enabling them to identify the more environmentally sustainable ships, the GHG Rating assists organisations to develop their own environmental policy and practises.
Please view our animated GHG Rating video which explains the Rating and how it can assist organisations in their sustainability endeavours.
To discuss how the GHG Rating can lower the CO2 emissions of your operations, reduce fuel bills and make the maritime industry more sustainable, contact our Environment Team.
A reminder that effective 01 January 2018 RightShip's age trigger for a bulk carrier inspection for vessels over 8,000 dwt will change from 18 to 14 years, after which an annual acceptable RightShip inspection will be required.
As always we're pleased to get out of the office and be involved in industry conferences and events! In the coming months, we've got NAMEPA's World Maritime Day event in New York City, which our CEO Warwick Norman & Vice-President (Americas) Anuj Chopra will be attending. Our Qi Project Manager Bryan Guenther will be presenting Qi as a case study at the Predictive Analytics World for Business conference, also held in New York .
Alongside our carbon sponsorship at the World Ocean Council's Sustainable Ocean Summit, we are also proud to be co-organiser and Carbon Offset Sponsor of Ambition 1.5°: Global Shipping's Action Plan, which will run as a side event to the UNFCCC's COP23 proceedings.
Held on the MS RheinFantasie moored in the heart of Bonn, this event will see the development of a plan to meet the ambitious level of carbon reduction indicated in the COP21 Paris Agreement, and serve as a briefing paper for UNFCCC delegates.
We're sponsoring the Splash 24/7 Dry Bulk Market Outlook session at the Maritime CEO Forum in Hong Kong, and Warwick will be on a panel discussing HR & crewing issues. We're also once again proud to be sponsoring Ship of the Year at the Lloyd's List Greek Shipping Awards in Athens.
In the past couple of months we've attended the Safe Ships, Safe Port event hosted by Pilbara Port Authority; Anuj spoke at the 11th International Forum on Ports in Puerto Vallarta, and Warwick was both a panellist and a recipient of the 2017 Personality Award at the SAFETY4SEA Conference & Awards in Athens. Congratulations Warwick!
Our environment team represented RightShip at the ANZPAC Workshop in Melbourne, and presented our work on AUSMEPA's Maritime Emissions Portal at GreenPort Congress in Amersterdam. We are proud carbon offset sponsors of both these events, measuring and purchasing carbon credits for all CO2 emissions to make them carbon neutral.
Thanks for your support whilst we introduced our predictive vetting platform, RightShip Qi. Although this introductory phase is behind us, we are continuing to work on refining the platform.
Key to the success of a predictive model is ongoing review and optimisation. Our first Qi 'retrain' is scheduled for August - we will keep you informed on the dates for this. Retraining is a standard and ongoing procedure for any predictive model. It ensures that data inputs are up-to-date, and also addresses the strengths or limitations of the model.
Both the model retrain and the change in age trigger for dry bulk inspections reflect RightShip's practise of ongoing review and refinement to enhance maritime safety. More on these below, including details of advanced user training sessions to help facilitate these changes.
Another RightShip initiative underway is the development of an ISGOTT-eqivalent for the dry bulk sector, dubbed ISGBCT - International Safety Guild for Bulk Carriers and Terminals. We invite industry experts who would like an opportunity to be involved in raising the safety standards of the dry bulk fleet to contribute to this.
In the environmental space we've recently released a tool that measures the scope 3 emissions related to maritime transportation, and we are also continuing our work assisting AUSMEPA develop their Maritime Emissions Portal.
RightShip's Commercial & Strategic Manager, Wayne Blumenthal, was invited by AMSA to represent the Australian delegation at the recent MEPC71 in London where he presented RightShip's GHG Rating to the plenary room. We are justifably proud of the influence and widespread industry take-up of the GHG Rating. In itself, this is a real acknowledgement of the significance of this Rating to the industry.
Clearly, giving back to industry is important to us at RightShip. In addition to our work in the environmental space and our continued support of the Sailors' Society, we are proud to announce a new partnership with Yale University who are developing a database to better understand and manage seafarer illness & injury.
As yet, there is no announcement regarding the incoming CEO of RightShip. The Board are going through a very thorough & detailed process to ensure the right person takes up the role.
In the meantime I'm still at the helm, and as you can see from this newsletter it's 'business as usual' at RightShip!
Warwick Norman, CEO, RightShip
RightShip Qi has been in use for over seven months, and as always we appreciate feedback whilst we continue to refine and enhance the system and its functionality.
Thanks to all those who responded to our survey in April / May - we received invaluable feedback on the transition to Qi and user experience of the new platform.
This feedback helped us better understand what is working well and what needs attention, and has been used to prioritise maintenance work and platform improvements. Many of your suggestions have already been implemented.
In the coming months you will notice some changes to the RightShip Qi interface which will make it easier to use and navigate around.
Over the last 3 months we have developed the following:
- Print feature on activities and reports
- Berth suitability and restrictions management
- Inspections reporting
- Terminal Questionnaires
- Improving Qi stability
- Amending or re-opening a Vet
- Requesting a VET on mobile
- Enhancements to the notification process
- Bringing US barges into the system
- API integrations with customer systems
We are also working on various software updates and enhancements to the vetting process in Qi.
Reflecting the maritime industry's movement towards a low-carbon economy, RightShip now offer assistance for organisations who wish to measure, report on and manage their scope 3 greenhouse gas emissions.
Scope 3 emissions are those associated with an organisation's business operations, including work-related travel and the daily commute of employees, as well as more carbon-heavy activity such as the output involved in shipping an organisation's goods.
RightShip's scope 3 measurement framework has been independently verified against EN16258, and considers the route, ship particulars, cargo information and fuel type used to calculate the emissions related to a voyage.
With this framework, sustainability-minded organisations are provided with the opportunity to engage in voluntary reporting to inform vessel selection policy, as well as exploring the viability of carbon offsetting for shipping activity. For more information refer to our website or contact email@example.com
One item that came out of our recent customer survey is interest in advanced training for regular users of RightShip Qi. In response to this feedback we will be hosting two Qi online training sessions in late August.
These sessions will also address the upcoming predictive model retrain, and the change in age inspection trigger.
Select your preferred webinar session to enrol:
If you are unable to attend a webinar but wish to learn more about the features and functions of Qi, visit the RightShip YouTube channel which contains a selection of Qi demonstration videos.
Effective 01 January 2018 RightShip's age trigger for a bulk carrier inspection for vessels over 8,000 dwt will change from 18 years to 14 years, after which an annual acceptable RightShip inspection will be required.
This change reflects the changing market conditions of the bulk carrier fleet, considering losses in the 15 - 19 age bracket, as well as the influx of new builds during the early 2000's influencing the average working life and age of scrapping of the fleet, which calls for physical validation at an earlier age.
Giving back to the industry is important to RightShip, and we are pleased to partner with not-for-profit organisations to support their work in the maritime space.
Each year RightShip allocates a percentage of profits to assist Sailors' Society with the delivery of their Wellness at Sea program, which launched in January 2015. The program assists seafarers with their social, emotional, physical, intellectual and spiritual wellbeing, and since its inception has delivered:
- 5,500 sessions with seafarers
- A Wellness at Sea app used by over 1,800 seafarers
- 980 training sessions
In addition to supporting this venture, we are incredibly proud of our staff in their personal efforts in fundraising for Sailors' Society. In April, Laura Allen, Mick Darcey and Yannis Papanastasiou climbed Mt Fansipan in Vietnam, taking part in the Sailors' Society Asian Challenge and raising USD $12,000. In addition, our Vetting Superintendent Mathieu Antin completed the London Marathon in support of Sailors' Society's work raising a further GBP 3,000.
(Mick Darcey, Laura Allen & Yannis Papanastasiou after conquering Mount Fansipan)
(Mathieu Antin competing in the London Marathon)
Another significant - and new - partership is in our work with Yale University developing a sustainable seafarer research database. Dedicated to the study and promotion of maritime health and addressing limitations in seafarer research to-date, the primary goal is to produce actionable information allowing for seafarer wellness through health promotion and reduction of injuries and illness.
RightShip's three offices also support the work of local not-for-profit maritime organisations. In Melbourne, we assisted our local Mission to Seafarers in the purchase of a new bus for local seafarer transporation.
The restoration of the historic tall ship Alma Doepel recieved a boost with RightShip financing 1,990 Australian-made bolts that are essential for work required to refloat the ship.
Houston International Seafarers Centre also received financial support from RightShip as they move to their new facilities in June 2017.
As with all predictive models, RightShip Qi is undergoing the first of its regular adjustments, known as a ‘retrain’, in August.
Retraining is a ‘business as usual’ practise for a predictive model.
The practical outcome of a model retrain is that a minority of vessel star ratings may move (either up or down), however most will stay the same.
What a model retrain does is
- preserves the desirable features of the original model
- remedies identified shortcomings
- Increases performance compared with original, and
- adopts the model to changes in input data since the first training.
At RightShip, we anticipate a retrain of Qi every 4 – 6 months. Read here for more information.
To raise standards in the marine solid bulk cargo sector, there needs to be consensus and articulation of best practice. ISGOTT is an industry-accepted guide for the safe carriage and handling of crude oil and petroleum products on tankers and at terminals, however there is currently no equivalent in the dry bulk sector.
RightShip believes that facilitating, coordinating and contributing to the development of such a guide will have the ability to directly and positively influence safety. As with ISGOTT, it will not be intended to provide a definitive description of how these operations are conducted. It will, however, provide guidance on key aspects of these operations and how they may be managed.
This will not be a “RightShip” document or a commercially-motivated endeavour, but rather fulfils our commitment to give back to industry.
RightShip and The Nautical Institute are now partnering with a number of industry peak bodies in the preparation and peer review of the proposed Guide. We would welcome your input!
Australian Department of Foreign Affairs & Trade (DFAT) have announced that from 05 August 2017 Australia’s autonomous sanctions against the Democratic People's Republic of Korea (DPRK) will be strengthened.
This means that all vessels
- in the DPRK vessel class
- flagged or registered in the DPRK
- owned, operated or chartered by, or otherwise under the control of direction of, an entity or person from the DPRK
will be prohibited from entering Australian waters and ports. For more information refer to the DFAT website.
RightShip Qi tracks known maritime vessels / companies from the OFAC Specially Designated Nationals (”SDN”) List, EU and DFAT registers as well as the Paris MoU blacklist and displays a High Risk banner against the nominated company or vet.
Whilst we cannot guarantee that our sanctions screening is absolutely infallible, our process for maintaining our SDN/OFAC list is robust, and includes:
- reviewing the SDN list from OFAC as published from time to time (supplemented with a direct IHS feed),
- registering for the OFAC alert advice,
- tracking vessels by IMO numbers to ensure “fronting” companies do not obscure the tracking of the individual vessel,
- monitoring the media/other sources to ensure to align our records with the information released in the public domain, and
- periodic key word scripts to trawl through the 150,000+ companies and 70,000+ vessels in our database.
Please note that in accordance with new standard practices, RightShip will be denying these vessels if nominated or marked as unacceptable.
It was great to have our friends from NYK visit our Melbourne office in June. Pictured are Captain Warwick Norman, Wayne Blumenthal, Captain Kengo Watanabe, Koichi Uragami & Hiroshi Kawaguchi.
We look forward to returning the visit later this year!
We were incredibly proud to have our Commerical & Strategic Manager Wayne Blumenthal address the plenary room at IMO MEPC71, discussing how the GHG Rating can deliver CO2 savings to the market & bolster environmental sustainability within the industry.
In the coming months you can catch us as Carbon Offset Sponsors at the ANZPAC Workshop in Melbourne & GreenPort Congress in Amsterdam. RightShip's Anuj Chopra is a panelist at the Mare Forum in Houston, and we are pleased to be co-organisers of Ambition 1.5 degrees: Global Shipping delivered as a side event to COP23 in Bonn in November.
I would like to take this opportunity to thank you and the wider industry for your support following the announcement of my departure from RightShip.
In these times of change, both within our organisation and the wider industry, it is important that that the focus remains on the core of what we do: provide leadership and innovation to make our industry safer and more sustainable.
With that in mind, since launching RightShip Qi in late 2016, our team has been hard at work progressing the system and its capabilities. Although it hasn't been completely smooth sailing I'm immensely pleased with the way things are travelling and our team's ability to respond to challenges.
So far, we have over 2,000 users in Qi, and our vetting team have processed around 13,000 vets, which in these early stages is a testament to the hard work and dedication of all involved.
We encourage you to continue providing us with feedback - your input is invaluable as we continue our work on the system and it's functionality.
With Corporate Social Responsibility key to RightShip operations, I am proud that our team are taking on new challenges to raise money for Sailors' Society, supporting the incredibly important work they do to improve the health and welfare of those at sea - find more details below about how you or your organisation can show support.
With these initiatives, as well as our carbon offset projects entering new spaces industry-wide, it is an exciting time for RightShip and our customers as we look towards the future of predictive vetting, and the wealth of opportunities that this will provide for the maritime sector.
Warwick Norman, CEO
With RightShip Qi up and away, we'd like to thank you for your support and patience during the launch period. Three years in the making, Qi was quite an undertaking for our small but dedicated team, and we appreciate your continued understanding as we carry on developing the platform to deliver the most sophisticated vetting system possible.
On that note, following are the top features now available in Qi:
- Full vetting
- Terminal questionnaires
- Dry berth & loading feedback forms
- Vessel history reporting
- PSC activity & reporting
- INC activity & reporting
- Vessel ratings & reporting
- Company page & fleet lists
- Lists & alerts features
With these functions available to users, the Qi team are currently working on ensuring system stability and implementing change requests that are a high priority to our customers. This includes fixing any defects in the system that present themselves through Intercom, our in-built customer support system.
We are also focusing on API integrations, which allow certain customers to access Qi data; as well as the clean-up of our mobile and tablet site.
RightShip is now - certified and officially - a carbon-neutral organisation! We have purchased carbon credits to offset the emissions of our three global offices, which includes not just our business operations and work-related travel, but also staff travel to and from the office.
Our carbon offsetting is not just internal - we have recently piloted a carbon-offset product which will allow our customers to caculate and potentially offset the carbon emissions associated with their shipping activity. We have initiated this externally-verified process with a number of our customers to date, and look toward expanding the reach of this product with interested parties. For more information, please contact firstname.lastname@example.org
We are also providing carbon-offset sponsorship to selected maritime conferences, wereby we offset the GHG emissions associated with these events to make them carbon-neutral. Upcoming events we are supporting as Carbon Offset Sponsors include CMA Shipping in Stamford (drop in to booth 95!), MIAL SEA 17 in Queensland - Australia, Green4Sea Conference in Athens, Green ShipTech China Congress in Shanghai, and GreenTech 2017 in Fort Lauredale.
We've been busy! With a new year comes a new schedule of maritime industry events and conferences, in both the risk and environment spaces.
So far, we've had representatives attend the IHS Maritime Risk Forum in London; NAMEPA in Houston; Mare Forum 2017 in Greece, as well as the inaugural Wellness at Sea conference hosted by Sailors' Society.
RightShip are once again attending CMA Shipping 2017 in Stamford. We are proud carbon-offset sponsors of this event, and are hosting a private-label seminar at 11am on March 21, focusing on the use or predictive analytics to enhance maritime safety & sustainability. You can also visit our display at booth #95.
In addition, RightShip will have representatives at MIAL SEA 17 in Queensland, Green ShipTech China Congress in Shanghai, and at the Singapore Marine Insurance Conference, where Warwick is presenting on the benefits of using a predictive model in assessing marine risk and potential claims.
For a full agenda of events, please visit our website.
The 10 year anniversary of RightShip London was celebrated in style last month, with a cocktail party held on Friday the 17th of Feburary at the historic Tallow Chandlers' Hall, Dowgate Hill.
With a diverse group of representatives from the London shipping scene attending, the event marked the occasion with great food, wine and entertainment. Congratulations to David Peel and the RightShip London team on this significant milestone.
There are currently two different RightShip fundraising ventures in the works, both of which support the fantastic work that Sailors' Society do to improve seafarer health and wellbeing.
EMEA Vetting Superintendent Mathieu Antin is busy braving the bitter London winter in training for the 2017 London Marathon, a significant physical challenge with all money raised being donated to the Sailors' Society.
We are also proud to be sending Mick Darcey, Laura Allen and Yannis Papanastasio to the top of Mount Fansipan in April to complete the Sailors' Society Asian Challenge. At a height of 3,143 metres, this 15km hike is no small feat, and we hope to reach a fundraising amount that reflects their efforts and dedication.
RightShip match all funding dollar-for-dollar, so dig deep knowing that even a small donation can go a long way to assist a worthy cause.
Pictured here in front of the decision tree for Rightship Qi's predictive model, the RightShip board met in our Melbourne office in February.
From front: Andrew Barker (Chairman - Cargill), Saurabh Dasgupta (BHP Billiton), Warwick Norman (CEO - RightShip), Rashpal Bhatti (BHP Billiton), Peter Mannion (Rio Tinto), Andrew Broad (Rio Tinto), Felix McKeown (Cargill).
After 16 years at the helm of RightShip, I have decided to step aside from my role as CEO.
I have had the privilege of serving as CEO of RightShip for more than a decade and a half. I have thoroughly enjoyed my time here and am proud of all that we have achieved. But I felt it was time for a change, and so decided that I will step back and make some room for the next generation of leaders at RightShip.
To support this change I will stay on as CEO until later this year, and after that as a strategic consultant to RightShip, assisting with the transition to a new CEO and continuing to build on RightShip's commitment to innovation in maritime safety & sustainability.
I am extremely proud of the role that RightShip has come to play in the shipping industry, growing from start-up to pre-eminent maritime safety organisation with global impact and reach.
In 2016, we successfully launched our new online vetting platform, RightShip Qi. Three years in development, RightShip Qi brings big data and predictive analytics to the maritime industry, typifying the innovation and leadership that has become synonymous with RightShip within the industry.
My passion for seafarer safety and welfare, and the environmental sustainability of the industry, will endure long after my departure from RightShip. In the meantime, it's 'business as usual' at RightShip, and you can rest assured that our commitment to your business remains steadfast.
I thank you for the years of support, both personally and professionally, and look forward to what lies ahead.
Warwick Norman - CEO, RightShip
Times continue to be tough for many, although there does seem to be something of a reprieve with improved freight rates in some sectors. Let's hope these are sustainable.
As with the wider industry, life is never dull at RightShip! We have commenced the rollout of our new online vetting platform, RightShip Qi.
It has been used internally for some months now; and we are also gradually adding customer groups who utilise specific functions.
Our approach is a careful and deliberate rollout - some details below, and more to come in the coming weeks - however so far, so good.
On the sustainability front, we are proud to be partnering with AUSMEPA in the development of a shipping emissions portal for ports. Please assist them win seed funding from google.org by voting here.
Our London office has recently moved - see below for details.
Thank-you for all the good wishes on my recent election as Chairman of INTERMEPA. It is an honour, and I look forward to continuing to work both within the MEPA community and the wider maritime industry to "save our seas".
Warwick Norman, CEO - RightShip
The first phase of the Qi rollout has been successfully completed, and the next stage is upon us.
In October/November all customers will be granted access to Qi at defined intervals - so please be patient!
The predictive risk (star) rating will be available in a 'view-only' capacity, whilst vetting and the 'official' star rating will continue in SVIS. This will allow all customers to preview and understand the new rating before the transition to RightShip Qi is final.
You will receive separate communication from us prior to your transition, which will include training opportunities and materials.
The final transition to RightShip Qi is scheduled for November/December this year.
For more information on the rationale behind upgrading our vetting platform from SVIS to RightShip Qi, view our brief video "Moving with the times".
This outlines the benefits of the upgraded platform, including the advantages of using predictive analytics in maritime vetting.
AUSMEPA's Shipping Emissions Portal for ports has been selected as one of ten finalists in the 2016 Google Impact Challenge Australia.
The Emisisons Portal utilises satellite tracking and a big data approach to measure air quality and changing air patterns throughout the port environs.
AUSMEPA could be one of four organisations to receive a $750,000 grant to assist in developing the portal. The six additional finalists will each receive $250,000.
Click here to vote for AUSMEPA - it only takes a few seconds. Voting is open until 25 October.
RightShip are proud to be partnering with AUSMEPA on this project - more information is available here.
Since May this year, we've been busy conducting industry briefings in Athens, Olso, Hamburg, Singapore, London, Hong Kong, Shanghai, Tokyo, Kobe and Imabari, to introduce the industry to RightShip Qi.
We would like to thank all attendees, as well as the many people who assisted us in delivering these workshops.
In the coming months, RightShip will be attending a number of conferences and events covering maritime safety and sustainability. Find more information here, or keep up-to-date via Twitter or LinkedIn.
New address: 4th Floor, 6 Dowgate Hill, London EC4R 2SU.
New telephone: +44 203 872 5900
E-mail remains email@example.com
I'm pleased to announce that we are on the cusp of launching our new online platform, RightShip Qi.
In order to ensure a smooth change over we will be conducting a staged transition throughout the coming months.
We will be in touch over the coming weeks with details, dates, system demonstrations and training opportunities.
We have a busy period ahead, and hope to catch up with many of you at Posidonia (stand #2.214) or at events that are more local to you.
Warwick Norman CEO, RightShip
In order to ensure a smooth transition from SVIS to Qi we will contact each registered user by e-mail with information containing dates, process, training options etc. If you need to update your details please contact us.
We are also developing a series of demonstration videos and webinars to assist our customers through the changeover.
In the meantime please refer to our website for information on RightShip Qi.
The largest gathering in the international shipping calendar, Posidonia 2016 is where the Greek Shipping community welcomes the international maritime industry to focus on key issues for Greek shipping.
Visitors to RightShip's exhibit at Posidonia will be given a live online tour of RightShip Qi, and receive a complimentary printed overview of their vessels' updated star rating and company profile.
RightShip representatives at Posidonia 2016:
Warwick Norman, CEO
David Peel, Manager- Europe, Middle East & Africa
RightShip stand #2.214
As 'Green' sponsors RightShip are again proud to be working with Green Marine to make GreenTech 2016 a carbon-neutral event, RightShip's Sustainability Manager, Kris Fumberger, will be attending GreenTech 2016 along with Vice-President - Americas, Anuj Chopra.
Kris will address the delegates on "Sustainable Vessel Selection: A Financial Perspective". We welcome the opportunity to discuss the use of the GHG Emissions Rating for vessel selection, or for use in the port incentive program.
Following COP21 and MEP69 there has been a lot in the media regarding the maritime industry's inaction on GHG emissions.
Our experience, however, tells a different story: organisations around the world are not stadning idle, waiting for regulators to act.
Thirty-nine charterers representing 20% of all cargo movements worldwide (over 2.2 billion dwt) plus 3 terminals, 2 ports, 4 banks and 12 shipowners use the GHG Rating as a vessel selection tool.
For an overview of the GHG Rating and how it can benefit your organisation, visit our website.
The accuracy of the GHG Rating depends upon the reliability of the source data. Almost 12,000 ships have now had their vessel specifications updated in our system.
Ahead of COP21, 26 of the 35 charterers that include vessel efficiency in their supply chain selection have come together to highlight their proactive measures on climate change.
By using the Greenhouse Gas (GHG) Emissions Rating to find the more efficient vessels, these industry leaders are using their influence to incite change in the maritime industry by rewarding ship owners that prioritise efficiency.
The 35 charterers that utilise the GHG Emissions Rating collectively undertake over 26,000 vessel movements and ship more htan two billion dead weight tonne annually. These charterers include Baere Maritime, BHP Billiton, Canpotex, Cargill, Dubai Supply Authority, Greenergy, HESS, Hudson Shipping Lines, Huntsman, Incitec Pivot Limited, Ixom, Nidera, Noble Chartering, Olam, Olin-Blue Cube, Par Pacific - HIE, PTTEP, Refidomsa, Rio Tinto, Saudi Aramco Products Trading Company, Scorpio Group, Targa Resources, The Mosaic Company, UNIPEC UK and Z Energy.
Developed in 2010 in response to customer demand, the GHG Emissions Rating is available free of charge to all RightShip customers through their online risk management platform.
The GHG Rating allows charteres and other stakeholders to assess the efficiency of vessels through use of an A to G scale, where A represents the most efficient ships. It enables companies to find the more efficient vessels and avoid chartering inefficient vessles, thus lowering fuel bills whilst also helping them calculate and benchmark their carbon footprint from shipping.
For more details veiw the media release here.
RightShip is committed to ensuring our GHG Emissions Rating reflects the latest outcomes from the IMO working groups, and aslo responds to industry feedback.
Following a recent review by DNV GL we are making some minor adjustments to our formula so it more accurately evaluates existing vessels as well as enabling us to apply it to additional vessel types.
Whilst these will not have a large impact overall, it may cause a slight adjustment so some vessel ratings.
These updates will take place over the next few weeks and will include
- changes to assumed fuel type for non-verified vessels
- aligning ship types for comparison of GHG Emissions Rating with recent updates, and
- updating the Phase 1 Reference Line comparison
The accuracy of the GHG Emissions Rating depends upon the reliability of source data. To review your vessel's GHG Rating and the particulars used to calculate this please visit shippingefficiency.org
Greetings to all RightShip stakeholders and customers, and welcome to Current, our online newsletter.
We have seen a busy start to 2015, with fluctuating commodity prices and political instability in some parts of the world keeping the industry on its toes. Thanks to you, our clients, RightShip is continuing to grow steadily which allows us to innovate, develop and give back to the industry.
From an innovation perspective have spent the last eighteen months building our new online platform, RightShip Qi, which will launch later this year. In giving back to the industry, we are proud that our GHG Emissions Rating is enjoying increasing take-up across the supply chain and in so doing supporting the industry’s environmental sustainability; and we continue our work supporting the Sailors’ Society across a number of levels.
Warwick Norman CEO, RightShip
RightShip’s commitment to a sustainable future for the shipping industry is bearing fruit. Almost one quarter of non-containerised trade, representing some 34 organisations shipping around 1.9 billion tonnes of cargo per year, use the GHG Emissions Rating as a vessel selection tool.
This short video (above) outline the financial and environmental benefits of the GHG Rating. For those who require more detailed information we have plenty of supporting documentation on the RightShip website.
Our port incentive program – which helps ports encourage and reward more sustainable vessels – is also generating significant interest and traction. Even better is the increasing contribution this makes to an environmentally sustainable maritime industry.
For more information on the GHG Rating or a discussion about how it can benefit your organisation, please contact firstname.lastname@example.org
Launching to our vetting customers in the third quarter of 2015, RightShip Qi will bring you the benefits of big data and predictive analytics, ensuring that we continue to provide the most up-to-date, reliable and efficient online platform available. Latest updates and a preview of what it will look like can be found on the RightShip website.
RightShip’s support of the Sailors’ Society continues with the contribution of a percentage of our profits to the Sailors’ Society, who have used this to fund their ‘Wellness at Sea’ program.
RightShip staff also actively volunteer and fundraise on behalf of the Sailors’ Society. Our latest project is the 2015 Asian Challenge, in which 3 of our staff will climb South-East Asia’s highest peak, Mt Kinabalu. We would greatly appreciate your support of our efforts by way of a donation! Contributions can be made securely online via JustGiving – RightShip2015
Team RightShip for the 2015 Challenge is Bryan Guenther, Irek Burakowski and Slav Ostrowicki…
As Program Manager – Qi, Bryan is RightShip’s centre of excellence, innovation and boundless energy! If his performance in the office is anything to go by, Bryan will be leading the charge up Mt Kinabalu, providing motivation and enthusiasm to all around him. As someone who spends his holidays riding bikes – competitively – up mountains, Bryan is one of the few people who does not need to do additional training to be match-fit for this particular challenge. Like the rest of us, however, he does need help with fundraising…
Slav, a Vetting Superintendent from our London office, has been with RightShip for 7 years. Slav’s motivation to support the Sailors’ Society stems from his 16 years at sea, five of which he was in command of ships. A keen motorcyclist – and indeed, a fan of anything that moves with speed and grace - he has also been known to ride a pushbike and walk the Norfolk downs when encouraged and accompanied by his wife. Aside from supporting the Sailors’ Society, Slav’s challenges include raising the money – and his fitness levels! – to see him in good stead up and down Mt Kinabalu.
Working and training alongside Slav, Irek is also a Vetting Superintendent from RightShip’s London office. Irek spent 15 years at sea where he learned to have high respect for the forces of nature! Ashore, Irek has been with RightShip for 2 years; and when he is not consumed with the safety of vessels at sea, he is a huge Chelsea supporter and keen hill climber and cyclist.
Your donations to our 2015 Mt Kinabalu Challenge are most appreciated. Thank you.
TRACE International works to advance commercial transparency in support of a maritime industry free of corruption.
In partnership with RightShip, TRACE is offering vessel owners a compliance rating and due diligence report which includes sanctions screening and an internationally-recognised anti-bribery review. This compliance rating will result in greater commercial transparency and reduced risk to charterers.
For vessel owners who choose to undergo the compliance rating (CR) process, this CR will be displayed on the RightShip online platform. As part of a pilot program TRACE will be vetting up to 15 vessel owners, at no charge (after the pilot, the annual fee for the Compliance Rating will be US$2800). For more information on being part of this pilot program please refer to the attached documentation or contact TRACE directly at certification@TRACEinternational.org
We would like to thank all of you who nominated, recommended, supported, acknowledged and congratulated us on the following: