RightShip’s rating toll to provide EEXI values in GHG

Digital maritime platform RightShip is updating its greenhouse gas (GHG) rating tool to incorporate Energy Efficiency Existing Ship Index (EEXI) values from the first quarter of 2023.

The changes being introduced will make its GHG rating the industry’s first rating to include the EEXI, the Existing Vessel Design Index (EVDI) and the Energy Efficiency Design Index (EEDI) all in one place.

RightShip’s rating methodology focuses on the inherent potential performance of a vessel based on its design, providing the basis for charterers and owners to make decisions. The EEXI assesses theoretical CO₂ emissions based on vessel design, naturally complementing RightShip’s established GHG Rating, which compares the theoretical CO₂ emissions of a peer group of vessels across similar size and type, based on either the EVDI, or the EEDI.

According to RightShip, 46,810 vessels on its platform have a GHG rating, with around 180 chartering customers leveraging the environmental rating in their due diligence processes in the last year alone. Shipowners and operators will be able to submit their EEXI data directly to RightShip and receive a verified rating. The company said it would also hold a webinar for those interested in understanding more about how EEXI will be incorporated into the revised rating.

Since the 12-month data collection period for CII only commences on January 1, 2023, CII data and A-E ratings are not expected to be provided until early 2024. RightShip is also looking into the potential impact of the CII ratings system against its GHG rating (A-G) and will release further information in 2023.