RightShip expands vessel vetting criteria

The new criteria, applicable from 30 June, extends the number of assessment items from 20 to 50 and reduces the number of rules by 18% from 457 to 390. The standardisation tool enables customers to markedly reduce filters, giving a more comprehensive and thorough risk assessment. So far 187 customers have moved to the new process.

“Standardisation of data sets is an imperative first step in our ambitious work towards significant improvements in maritime safety, sustainability and social welfare,” said RightShip chief executive, Steen Lund.

“We are investing in the practice of data standardisation that ensures both charterers and shipowners experience consistent, reliable outcomes that they can trust,” he added.

RightShip’s chief product officer, Christopher Saunders said that interest in the expanded criteria had exceeded expectations, reflecting an industry-wide demand to provide consistent due diligence procedures.

“At present, we are taking on the feedback of customers and assessing the activity in our platform to further standardise our data through sophisticated data warehousing and additional product development that will bolster our ability to provide, faster, more accurate outcomes for both our chartering and ship owning customers,” he said.