Tag: RightShip

RightShip says that 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.

RightShip announced that its GHG Emissions Rating will receive updates 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 to some vessel ratings.'', RightShip saidThese updates will take place over the next few weeks and will includechanges to assumed fuel type for non-verified vesselsaligning ship types for comparison of GHG Emissions Rating with recent updates, andupdating the Phase 1 Reference Line comparisonhttps://www.youtube.com/watch?v=faeNStBmITISource: RightShipIn the outbreak, I was frank with you propecia before and after has changed my life. It has become much more fun, and now I have to run. Just as it is improbable to sit.

Demonstrating leadership and commitment to environmental sustainability, Barbados Port Inc. has committed to work in partnership with RightShip to develop an incentive program encouraging more efficient vessels to their port. During the 1st Hemispheric Seminar on Port Legislation held in Montevideo on the 24-25 November David Jean Marie, CEO of Barbados Port and Anuj Chopra, RightShip’s Vice-President - Americas, signed a letter of intent to develop a port incentive program using the RightShip and Carbon War Room Greenhouse Gas (GHG) Rating. The port incentive program rewards vessels with better energy efficient ratings. Measuring their carbon dioxide emissions, vessels are rated from A (most energy efficient) to G, with rewards – often in the form of reduced port fees – to the more efficient vessels. RightShip will begin the process by benchmarking vessel arrivals over time to set a baseline for displaying trends in carbon dioxide emissions. “In this way we tailor the incentive program to ensure maximum benefit for the port community” explains Chopra. “Understanding current CO2 emissions of vessels, both in-port and for their entire journey, is a key factor in our program management.” Lauded as a champion of environmental sustainability in the region, David Jean Marie was quick ...

In recognition of their strong commitment to sustainability North American Marine Environment Protection Association (NAMEPA) members have been awarded an automatic positive adjustment (+5 points) towards their vessels' RightShip Environmental Rating. "NAMEPA is one of only 8 organizations worldwide to secure this high standing in our system" says Warwick Norman, CEO of RightShip. "We believe it is important to acknowledge and reward those who have invested time and effort to operate above compliance, and who demonstrate dedication to environmental sustainability". RightShip's Existing Vessel Design IndexTM (EVDITM) and GHG Emissions Rating enables charterers to select the most energy efficient vessel. This is achieved by estimating the theoretical amount of CO2 emitted per tonne nautical mile travelled, based on the ship design characteristics at the time of build. Unlike the IMO MEPC's Energy Efficiency Design Index (EEDI), RightShip's EVDITM can be applied to existing ships and allows relative comparison of a ship's CO2 emissions to vessels of a similar size and type. Major charterers and shippers are taking a leadership position in sustainability, driving industry change through market-based solutions. As of June 2014, 22 charterers - or 23% of global non-containerized trade - factor energy efficiency into their decision making. This accounts ...

NAMEPA members have been awarded an automatic positive adjustment towards their vessels' RightShip Environmental Rating

RightShip has created a tool, the GHG Emissions Rating tool, to help charterers to select the most energy efficient vessels/ terminals and insurers/ banks to provide preferred rates to owners of more efficient vessels and also to reward ship owners for investing in technology for energy efficiency.

Dry Bulk Marine Risk Assessment Clause for Time Charter Parties A new standard clause published by BIMCO challenges the widespread use of so-called "Rightship approval" provisions commonly inserted into time charter parties. Dry cargo shipowners have for some time been under pressure to accept "home-made" clauses that oblige them to warrant that their ship will be "Rightship approved" throughout the term of the charter party.In reality, the Rightship vetting agency does not issue and never has issued period approvals for vessels. Instead, their dynamic system relies on publicly available information about merchant vessels to provide a "snapshot" recommendation of a vessel for a particular voyage based on data currently held on their databases.To help owners and operators avoid falling into the trap of warranting continuing compliance by their vessel when factors affecting its status at any given time may be outside their control, BIMCO has prepared a clause setting out a contractual regime for the application of marine risk assessments. Key to the clause is that while the charterers have every right to conduct desk-top based risk assessments to assess the suitability of the vessel for prospective employment, the owners do not warrant the acceptability of the vessel. This means ...

RightShip appoints New Vice President

RightShip selects IBM to deliver next generation risk management system