RightShip has partnered with the London Stock Exchange Group (LSEG), a global financial markets infrastructure and data provider, to boost the risk management framework for governance risks in the maritime industry.
The partnership will integrate LSEG’s World-Check into RightShip’s digital maritime platform and vetting workflows.
This feature enables users like charterers, financial institutions, traders, port authorities, and ship owners to evaluate vessels and maritime companies for risks related to sanctioned or embargoed vessels. It equips businesses with essential data for making informed and compliant business choices according to global regulations.
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World-Check is set to bolster RightShip’s vetting procedures with its extensive database of over 4 million records. Backed by a team of 400+ specialists, World-Check provides real-time tracking of emerging global risks, offering companies enhanced oversight and clarity regarding their risk exposure.
The integration will focus on maritime vessels listed on sanctions, watchlists, and enforcement lists, providing information on vessels registered in or linked to sanctioned countries or entities. It will also include details on registered and beneficial owners associated with these vessels, ensuring comprehensive coverage and transparency.
Steen Brodsgaard Lund, Chief Executive Officer, RightShip, said: “Transparency, supported by data, is crucial for addressing the increasing challenges and scrutiny in the shipping sector’s governance.
“Our partnership with LSEG allows us to offer our customers a seamless workflow-based understanding via our vetting processes of shipping risks, enhancing the transparency required to overcome these obstacles. By collaborating with top maritime due diligence and sanctions intelligence providers, we’re offering our customers a vetting solution that fills the gaps in their shipping risk management workflows.
More recently, RightShip joined forces with Napier Port to implement RightShip’s innovative RightPort risk solution at the New Zealand port.
