RightShip seeks new investors and competencies to advance its ESG-focused mission

Singapore-based RightShip reports that to support it growth ambition, it is 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 – to achieve zero harm to vessels, to people, and to environment – through unique data and actionable insights.

Existing investors - BHP, Cargill and Rio Tinto - will remain as shareholders and continue to fully support RightShip through its next phase of growth. RightShip says this consideration is driven by its commitment to delivering long-term value to its customers, employees, shareholders, and the global maritime industry. 

RightShip’s primary goal is to partner with an investor who brings not only capital but also significant expertise in data and technology and transformational growth. It says it will seek a partner “with the ability to provide valuable insights, resources, and track records that will support RightShip to accelerate our growth initiatives. Together, we will innovate our product offerings, supercharge our data, technology and AI capabilities and deliver delightful customer experiences.”

To this end, RightShip has engaged Rothschild & Co as the financial advisor acting on behalf of RightShip and its shareholders. 

“Our decision to explore this opportunity is rooted in our dedication to maintaining the highest standards of transparency and integrity,” concludes the RightShip statement. “We are early in the process and committed to conducting this process with the utmost confidentiality and discretion to prevent any market speculation or disruption. We will keep our stakeholders informed as we progress and ensure that any decisions made are in the best interests of our valued customers, the company, its employees and our future.”