Global marine and environmental risk assessor, RightShip, was awarded the Australian Prime Minister’s Exporter of the Year Award by the Hon. Tony Abbott MP at the 2013 Australian Export Awards on November 26th in Melbourne. RightShip also won the Business Services Exporter of the Year award and was runner-up in the Environmental Solutions category at the Governor of Victoria Export Awards in October.
RightShip was established in 2001 to address the lack of accessible, transparent data to enable shippers and charterers to identify and avoid substandard ships. Today, the company has more than 215 customers in 40 countries and generates 84 per cent of its revenue outside Australia.
RightShip’s online marine and environmental risk management system enables customers to identify in advance the 20 per cent of substandard ship operators who account for approximately 70 per cent of total casualties. The system contains data on more than 70,000 ships and 135,000 maritime companies and uses a sophisticated algorithm to analyse over fifty risk factors that have a proven link to incidents and casualties. In 2012, RightShip removed 1,158 unacceptable ships from its customers’ supply chains.
In recent years, RightShip has developed an energy efficiency rating alongside its risk rating to help shippers and charterers to choose a more energy efficient ship. While international shipping is the most carbon efficient mode of commercial transport it contributes around 2.7 per cent of total global carbon dioxide emissions, comparable to those of a major national economy.
The judges said that RightShip had developed the ultimate business model through identifying a problem and creating a commercially viable way of fixing it.
“They are maritime solution providers around the world. They are supply chain solution providers. And they are risk managers that customers are willing to pay for”, the judges said.
Upon accepting the award, Warwick Norman, RightShip’s CEO said: “It is a great privilege to win this award. We are delivering a service to industry that makes the shores cleaner and safer, and our role really is to protect seaman’s lives all over the world”
In a media statement issued by the Australian Prime Minister, the Hon Tony Abbott MP said:
“RightShip is a terrific example of the ingenuity, innovation and international business success for which Australian companies are renowned.”