RightShip - Experts & Thought Leaders

RightShip, a major maritime digital platform for safety, sustainability, and supply chain due diligence, announced a new minority investor to accelerate the Company’s technology-led growth and mission of zero harm. Funds advised by Permira, the global investment firm, have agreed to acquire a strategic minority stake in the Company. The new investment will continue to see founding shareholders BHP, Cargill and Rio Tinto each retaining their equal stakes. Scale and expertise in technology Steen Lund, Chief Executive Officer of RightShip, said: “This investment is a strong endorsement of our strategy and impact.” “With Permira’s global scale and expertise in technology and M&A and the continued support of our founding shareholders, we will accelerate investment in our products, data, AI, and people to grow RightShip’s relevance and reach – enhancing our mission of zero harm to people and the planet.” Improving safety and transparency Daniel Tan, Partner at Permira, commented: “RightShip plays a critical role in improving safety and transparency in the maritime industry.” “The Company’s services and data offerings come together on its AI-powered platform to bring deeper insights, better decision making, and workflow automation to key stakeholders. Innovation thrives at RightShip – as product-first growth investors, we are delighted to partner with management and existing shareholders on this exciting journey.” Complementary capabilities Representatives of BHP, Cargill and Rio Tinto said in a joint statement: “As founding shareholders, we are pleased to welcome Permira and reaffirm our long-term commitment to RightShip.” “The combination of fresh capital and complementary capabilities, with Permira as part of the shareholder group, positions RightShip to deliver even greater safety, sustainability, and efficiency solutions for the maritime ecosystem.” Rothschild & Co acted on behalf of RightShip and its shareholders as financial advisor. The transaction is subject to customary regulatory approvals to be obtained in coming months.

RightShip announces the launch of Due Diligence Hub, a new product purpose-built for charterers with in-house vetting or risk assurance teams, who want to stay in full control of their risk management decisions more efficiently. Drawing on more than two decades of expertise in vessel vetting and maritime risk assurance, Due Diligence Hub represents the next step in RightShip’s evolution from a vetting service provider into a technology partner — one that puts powerful tools directly in the hands of those managing their unique risk profiles, delivering intelligence and enabling faster, more confident decisions in an increasingly complex operating environment. Final decision on vessel suitability New product enables users to streamline workflows, reduce manual work, centralise documentation RightShip’s new Due Diligence Hub is a smart, flexible workflow tool that empowers charterers, traders, terminals, and others to stay firmly in control of their vessel evaluation and risk management processes — from setting internal risk criteria to making the final decision on vessel suitability.  By combining trusted RightShip data, the new product enables users to streamline workflows, reduce manual work, centralise documentation, and gain full visibility into risk factors — leading to more efficient risk management. RightShip’s use of Agentic AI Its highly customisable workflows and AI-enabled efficiencies make it suitable not only for the dry bulk segment — where RightShip has long been an established pioneer — but also position the company to better serve the chemicals and oil & gas sectors as they look for more efficient risk management. At the heart of Due Diligence Hub is RightShip’s use of Agentic AI — that handles time-consuming, repetitive checks in the background. This frees in-house teams to focus on the complex, high-value decisions where human expertise makes the difference. Close collaboration with stakeholders “The Due Diligence Hub has been shaped through close collaboration with our stakeholders who know exactly where the bottlenecks are,” said Marlon Grech, Chief Technology and Product Officer at RightShip. Marlon Grech adds, “Our goal was to build a product that fits seamlessly into our customers’ workflows, uses AI to take the pain out of repetitive tasks, and ultimately makes day-to-day risk management faster, clearer, and more effective.” RightShip’s trusted data with flexible workflows The tool combines RightShip’s trusted data with flexible workflows that adapt to each customer’s internal policies The tool combines RightShip’s trusted data with flexible workflows that adapt to each customer’s internal policies. Users can build and apply custom risk criteria, automate repetitive tasks, maintain full audit trails, and collaborate seamlessly across teams — all in one place. “Our customers’ needs and workflows are evolving fast, and our solutions must evolve with them,” said Saurabh Dasgupta, Chief Commercial Officer at RightShip. Saurabh Dasgupta adds, “With Due Diligence Hub, we’re giving charterers and terminals — across dry bulk and other segments like chemicals and oil & gas — the flexibility to manage risk their way, while ensuring safety remains at the heart of every decision. It’s about striking the right balance between agility and assurance, so our customers can stay ahead with confidence.” Proactive risk management The result is faster, more transparent decisions without compromising on rigour. The launch marks another milestone in RightShip’s evolution as a pioneer in driving safer, more sustainable, and more efficient risk management.  RightShip is harnessing the power of AI and the industry’s richest and trusted data and expertise to enable real-time, proactive risk management — putting customers firmly in the driver’s seat.

RightShip’s mission is to enable their customers to achieve Zero Harm in the global maritime value chain – zero harm to vessels, to people, and to environment – through unique data and actionable insights. They do this by constantly strengthening their market and product relevance, and augmenting their data and technology capabilities. RightShip’s growth As the need for safety in the global supply chain increases and the development of data and technology accelerates, so does the potential and the pace of RightShip’s growth. To support their growth ambition, they are currently exploring strategic options to bring in a new minority investor who shares the same mission, purpose and values as RightShip and its current shareholders. The existing investors, BHP, Cargill and Rio Tinto, will remain as shareholders and continue to fully support RightShip through its next phase of growth. This consideration is driven by their commitment to delivering long-term value to their customers, employees, shareholders, and the global maritime industry. Partnering with investors Together, they will innovate their product offerings, supercharge their data, technology and AI capabilities Their primary goal is to partner with an investor who brings not only capital, but also significant expertise in data and technology and transformational growth. They will seek a partner with the ability to provide valuable insights, resources, and track records that will support RightShip to accelerate their growth initiatives. Together, they will innovate their product offerings, supercharge their data, technology and AI capabilities, and deliver delightful customer experiences - all with the intention of working to achieve zero harm in the maritime industry. To this end, RightShip has engaged Rothschild & Co as the financial advisor acting on behalf of RightShip and its shareholders. Appreciation for continued support  Their decision to explore this opportunity is rooted in their dedication to maintaining the highest standards of transparency and integrity. They are early in the process and committed to conducting this process with the utmost confidentiality and discretion to prevent any market speculation or disruption. They will keep their stakeholders informed as they progress and ensure that any decisions made are in the best interests of their valued customers, the company, its employees and their future. They appreciate the continued support and trust of their shareholders, customers, and employees as they navigate this exciting phase of their company's journey.