About RightShip Port Interaction May 2013. 1,886 vessel casualties 3,198 detentions – 300,552...
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Transcript of About RightShip Port Interaction May 2013. 1,886 vessel casualties 3,198 detentions – 300,552...
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About RightShipPort Interaction
May 2013
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• 1,886 vessel casualties
• 3,198 detentions
– 300,552 detained hours
– 358 vessels detained more than once
• 2,219 global class withdrawal records
• More than 1 billion tonnes of CO2 emitted from shipping
• Near record volumes of new deliveries
• Backdrop of global economic uncertainty
Good Reasons to Vet - 2011
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• Who is RightShip?
• Star Ratings – What do they mean?
• SVIS Explained
• Proposal
• GHG Emissions & Shipping
• Live System Demonstration
Agenda
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• Independent company formed in Oct 2001• Melbourne, London & Houston• 200+ Customers globally
• Ship Vetting & Risk Management• Petroleum & Dry Cargo Vetting Service
• Environmental Rating & CO2 Benchmarking
• Worldwide dedicated vetting specialists• Former serving Masters and Chief Engineers
• Award winning proven system• ISO9001 and ISO27001 Certified
About Rightship
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RightShip Port & Terminal Customers
Utility
Ports &Terminals
Regulator
Charterer
Insurance
Petroleum
Ship Broker
Ship Owner
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Star Ratings – Explained
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Star Ratings – What do they mean?
Indicate a detailed review of the vessel is required including a physical inspection of the ship and/or an audit of the vessel and its management systems
Indicates further review of the vessel is requiredby RightShip
Typically UserApproved
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Data Sources
IHS Fairplay Data Lloyd’s List Intelligence Clarksons Hatch Load P&I Club information Office of Foreign Asset Control (OFAC) EU & DFAT Banned Vessels Paris MoU Banned Vessels USCG Banned Vessels IACS Class withdrawal information Green Award Environmental Protection Agency Data (AUSMEPA, HELMEPA & NAMEPA)
International Transport Workers' Federation Blue Card Data Global PSC Inspection & Detention data
o Australian Maritime Safety Authorityo US Coast Guardo Black Sea MOUo Caribbean MOUo Indian Ocean MOUo Mediterranean MOUo Paris MOUo Riyadh MOUo Tokyo MOUo Vina Del Mar
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Ship Vetting Information System – Section 1: Calculated Risk Profile
For each risk parameter a vessel is assigned (independently) into one of the following risk categories:
• Low Risk (LR – 10 points)• Low Medium Risk (LMR - 8 points)• Medium Risk (MR – 6 points)• Medium High Risk (MHR – 4 points) • High Risk (HR – 2 points).
Once matrixed (instantaneous) the columns are totalled and a base score is generated.
Note: • RightShip Inspection – up to +15 points• Green Award – bonus +15 points• Intercargo Vessel – bonus +5 points
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Ship Vetting Information System - Section 2: Rating Adjustments
• Further adjustments are made to a vessel’s score to reflect the differing standards in operational and management control impacting its risk profile.
• The relative performance of outside influences, such as Class Societies and Ship Size, are also used as a measure in refining the vessels overall rating.
• These adjustments are added to the total calculated score (Section One) and may be positive or negative.
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Ship Vetting Information System - Section 3: Other Factors
• Other Factors represent a specific set of issues/events related to a vessel’s performance as observed by third parties.
• Typically Other Factors will reduce a vessel’s Star Rating below the automatic approval threshold.
• If more than one factor is applicable, the most severe restriction will be enforced.
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Ship Vetting Information System - Section 4: Rating Calculation
• A vessels score is derived by simply summing the totals of the previous sections paying due regard to any limiting factors and adjustments.
• In this case, the overall risk ranking of the vessel would be 2 star but for the recent PSC detentions. To make our vetting recommendation, RightShip would request an inspection be conducted and seek to close out the PSC issues with the Owner/Manager directly (Corrective and Preventative action plans).
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Is Poor Performance Predictable?
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Is Poor Performance Predictable?
Unsystematic Risk Gap
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GHG Emissions & Shipping
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Framing the Opportunity
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CO2 Emissions
Emissions (Gigatons CO2)Data Source: Second IMO GHG Study (2009)
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The Problem with theRelative Efficiency of the Existing Fleet
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Basis of Comparison
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Let’s Compare
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Bulk Carriers 75,000 - 80,000dwt vs Reference Line (1990 – 2012)
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Bulk Carriers 75,000 - 80,000dwt vs Reference Line (2007– 2012)
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Compliance vs Efficiency2007 – 2012 (Tankers)
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Complementary Vision
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How charterers use the tool
Part Four
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Chartering customers are onboard and supportive
• Developed in response to customer demand
• Ten RightShip customers factor in energy efficiency into chartering selection process when vetting
o together they ship 1 billion+ tonnes of cargo
o represents around 18% of global non-containerised shipments
o around 15,000 vessel movements annually
• Early adopters have significant first mover advantage
• Feedback has been very positive
o reduced shipping costs through reduced bunkers
o enhanced reputation through focus on sustainability
o supports company sustainability objectives
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How customers factor it into their selection process
Vessel can be denied:
Vessel warning:
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Bypass incumbent barriers to free information flow
Informed Decisions
Vessel A
Vessel B
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How Ship Owners use the tool
Part Five
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• Financial benefits
o incentive provider to Environmental Ship Index
o Port Metro Vancouver provides a 35% port fee discount to vessels with an EVDI™ of A, B or C
o More likely to be selected by charterers who factor CO₂ efficiency into their vtting process
o potential for lower insurance premiums
o easier access to bank finance
o payback period for retrofits and upgrades can be as little as six months
• Reputational benefits
o Newer is not always better
Ship Owners: Make Money in a Tough Market
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Reputation Benefits
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Reputation Benefits –Sample Fleet
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Benefits
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• Systematic risk and sustainability evaluation on 71,000+ vessels (19,500 tankers) & 121,000+ companies;
• Off the shelf access to proven system and experienced vetting personnel;
• Continuously developing web based support tool to facilitate decision process - 24hours a day, 7 days a week;
• A full audit trail to substantiate vessel selection including a detailed feedback mechanism; and
• Customizable interface and suitability calculation with the ability to integrate legacy data and historical vetting decisions
Benefits to Ports
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• Identify high risk vessels prior to their arrival,
• Increased shore-side involvement & situation awareness,
• Targeted PSC inspections,
• Allocation of extra tugs / other strategies, or
• Declined permission to enter the shipping channel entirely.
Targeted Intelligence - Operational Reality