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RIGHTSHIP
                                                                                                                                                                                                 --
Right
 place,
right
time
A bulker-vetting operation has gained
critical mass and is planning to launch
a new environmental star-rating system
for ships in the autumn.

SDme """ it lIS lID UIlwelcDDlII in-
trusiDn into the DpIqUe and. !radi-
tIomlly biu::caneerlng dry-bulk


_.
ohipcnmb:lg IIIIIlbt. 0Ihmw """ it
in tha ,,1IDgIlIIId Df" IIIJW bleed af
C1lItomar-orIented shipping bus1-

   Hut in the luoonic Austmllim
lIlylllafbDo. WuwickNlIlIDIID, lui
_ the R!ghtIhlp vettIDg system
1IS)nIta omall plIrt of the IndUllry          _ _ -=A. . . . .
trying til dDthlngo bettm..                   R1ghbhlp _It reHI'IeI the
   ''WII'vlI got " lIaw8d l yatam in          CItegoIJfa,thlwvnt       ..
shipping but just becausl af the                                    ..,..
                                              ""'_ 0Il1J poaiIllI of1lll_
e1uIarnatum aflt, Itilll88r Impll8_           "'npK1lan _ _
libIs for lIIlIIaide WIIIlII til flx that     _,,"III~sp-.

flaw. All Wll 818 tryiDg to dD iI
bring tr8DBpar8Ilcy til .DDl8I:bIDg          IIIHTIII:              _   .......
thet doom't natumlly _              til be
                                             ....... (IefI;)     DnldPtelof...,
trunopamnt," he eaid.                        LHdanoffial              _ _.




_.
    NDlIUIIII. hIlS been chieI 1Il<IlCIl-
liM DfRighfJhip eince ila £0rma-
tion In MaIbouma It the start af                Hut growth has brought ten-               Pllllt dacada, pertIculorly In the      experlance, md IIid: 'YDIl look          party termInaI8 coming on bOIIrd
tha demda. Sinoo then. It hoe IIX-           ainnI, hnwaYar. ""l'ecIall.y In .....        mpao\zl.ector.. "Hut them em IIlIll     lIka a llksIy amdidam. YDIl'll dDI'         "And IllIW we've _ d til ....
pIIIIded quietly and.wilh lill:le fm-        clllll: WlIDl:ho with lop! battiIIII DVlIl   ...... in which WlllllUl ccmliIwll to   For DlII it WII.II llIf8Id cboDce."      Dl:hel1lllCiom in tha iDdusIry, web
!'lireto 1IoKmlis 1 powerfulllllDl1tor       Il8Ig8 Dfblrmllllke "Rlghlahlp ap-           mike Improven18DtlI end add 81-            Bllcauoe of Iheit CaDC8D:ll ohout     as insw:ence and. DttuIr non-tradi-
af qualfty In globnl ehipplns fur            pmvulD In chartmpmtiao.                      !dstlmm - and whem mIr riIk             bulkar ...mty, tha mmmoditiel            tlDDal groups thet have been in_
                                                 Some chm.torsrs have Ulld ..             IIlDIieJ. ill pmtly II1mDg.
                                                                                                                    "             groupl wantod Iheir own ......-          volved in &hip vetting in lOme
  ThIIIe818thel. wlw 8'ilID cIoim            ahip " fIIilum to meiIllaiIl .... ade-           He added: "ODe af my lllU'l.y       m .... t of the :riIIb in charIming      WIIf or 1IIIOlhel, getIiDg iIlYOiYed.
Rlghtehip approvolla DOW &Ifec-              quate RlihtohiP stir ratlDi til dp           Dl8Dt1:llS waH til dDmyaelf aDl: of 1   oh1p. - a oImpls IIllbIt10n but d1f-        Three pI.'Otlldkm.-cld.-ind«D:m1ty
ttvely ~a tkbt tII~" In certain up the clun.ter party endl"lldallTlll'                    Job. I haYllll't yet. In the perfect    f1.cnIt til eclrleva.                    (PAl)    clubo ere DOW RIgbtehfp UI-
bulk marbrte.                                the ......IIIIL                              world yuu ohouldn't nead ohip              In late 2002 on.d into 2003, the      II1II, while Lloyd's RegIoImhu .....
   Righlllhi.p claimo YIIIIi81B it haB         D:ill "problamlhat hIlS IIDII"<""i         Y8t1iDlI but -.mfortuDately WII han     teIIw IiBrtId In cllDlIllllR:iBliH the   llIIDI:l.y becDDUI the flnt clIIlIoifica-
Yllttad DDW account fur DYe DIW-             Rlgb.tsh1p Itself. as much lIS the           • oyotem that d.oem't II.wayJ de-       project and look DIllaide tha origi.-    t10nIOclety til !dgo. up. 0lhIIIII em
third af ill globnl dry-bnlk 1lllmI_         IIWIIllIIInmlwd. and wmI< II DDW             lIvm thet perfect DIllmme ell the       nalllOJaAuetralfan:marblt:o. Otbar       ohowIng I n _ , Nomum ""y".
1IlIIIlb, 50'*' af globnl cool. ahip-        UIlderway In writs .. clouoe thet ill        """-"                                   cbm.terero end tmminal. 1Ip1ll'tdtml         By 2006, tmding group CIIrgilI
IIlIIIlb and. 90% af iIoD.-<IIII             cleBr IIIld lsgul.ly wetsrlight (see         Righillbip " w:igiwIds'" &omtha         wtUlI becomingim:reuingly inter-         -lIIlII of tho wurld's major chu-
obI_.                                        sto!y, rfghtJ.                            1Ibl19901, when Autr&llen 00Ill-           ..ted In &CQIlIdng the Rlgb.tlIh1p       terers - had becomI su1Ildantly
                                                HaRted mgumanto lIV8I' Ihll modItieI group BlIP WIll develop_                     "y"tmn,lIyaNo:rman.                      imprel-I by the oyetmn thet it
                                             Righllhip ciano... 811 the debate hall inIIiIB lIWD. ahip-vett:inR oyoIBmin             "Hut we wanted til IDIIke IIU1"II     b<mghtinto Rightohip, 8D:J.uiring.
warwick Norman:                              bllllD. chrisl"D1111. DDly nfieciI the the hmg ohodow ofthet demdo'a                 that we wtIlII.D't jusl puohing oub-     one-tbirdohare, DIII1ing it on"'l.uul

"Ir. been a g_                               .....
                                             Y8IIiDg llySlem" iw:reBsed impor- bulbr criIiI, which had HII8Il Du-                 oiID.dard lbips DIlt af Auotralia        pulnerwith the fDonden.


ridell think we've
                                                NlIl'IDSIl admilB thet he takua dubimlll cin:uIodImc...
                                             pemIILI1 pride in theimpllCl.RilIht-
                                                                                       mlllOUl VIl!I!IIIII md Itve. lost In


                                                                                          HHP'I ZOOtIUIIlII"l wilh ADgIo-
                                             sh1p has had, espedully aD the South AfrIam group B1lllion IIW
                                                                                                                                  and puohIng them Intll oomeone
                                                                                                                                  1Iiao.. IIlIYimnmant. We didn't 1JD.
                                                                                                                                  liew that WII .. suilahlll DIl"'WllII
                                                                                                                                  fur whet we were tEyIng til
                                                                                                                                                                           ....,
                                                                                                                                                                               SD how doe. Rlghiahtp's Ship
                                                                                                                                                                           VDtlingInform.tinn Syatmn(SVISJ

                                                                                                                                                                              At ItI 001'lI then 111 datahul Df
made a difference
and we can
                                             c
                                             ""           .
                                                     dry-bnlk inIIInMo ofitll mIs'- the project m ..... fmmally 1!IIBb_
                                                                                       liohed in psrtnerohip with feI1Dw
                                                 "It.. bean. .. gnlIIl: ridel I thiJIk llODIIDlX!ilies gilmtRio 1blto. BlIP
                                             we've made .. dIfiemlce md we BW1ton and.R10 TIntoeach toDt.
                                                                                                                                  m:bIeva."
                                                                                                                                    A by hurdIa WIll In bring Hm-
                                                                                                                                  zil's iIcm....... prodUClllllU board.
                                                                                                                                  ow.   WllDl: down tliEInto get them
                                                                                                                                                                           DovIcI Peel: "Th. perceptlOI
d.mon....at._                                cen dem<:metrete that Wll lurv'e 50'll> ohore In the project.                        on board and thonkfollythey did,"        id.ntily the substandard 01
we have made a
                                             made .. dlffirnmco," he eaid with
                                             IIllIliIIIItpride.
                                                                                          NlDIlWIl, a formsr ohip"lDII8ter,
                                                                                       WIll the:o. wurl<iDjj fur BlIP. "They
                                                                                                                                  """""-buoiIulo. hu 1IfOWII1im:.
                                                                                                                                    "The                                   bar and fn!e up more ships.
                                                 He adds thet ltatIst1cIll.y there lootBd IIDIlIld ond IIW my infoI'.             then. We started wilh trad1tlDDal
difference.·                                 ball been a decreulln bulker daft_ matIon-taclmol"llJ....... bock_                   cbertmII and ohippem, than. ....         i. what _ want m do."
                                             cimu:ie. IIIld detonti.lIIIIlIYEIr the ground, ulDng with my IIlIIlinII              _ d til "" liOIIle of the third-
      --                                                                                                                                                                                             171'$2W9 _ _



                                                                                                                                                                                                  RIGHI'SIIIP


                                                                                                                                                                                        Approval issue
                                                                                                                                                                                        busies charter-
                                                                                                                                                                                        party lawyers
                                                                                                                                                                                        R.sndom inamtion of tho Imm
                                                                                                                                                                                        "RIahtahip sppnmol.- iIlto char-
                                                                                                                                                                                        !Bl'-party docum8llts may be
                                                                                                                                                                                        WBlllntBntkmed Imt It BJIPBBI6
                                                                                                                                                                                        to ha.... bean IIllM! bsnefl<:iol. for
                                                                                                                                                                                        the lawytml, who sm now un-
                                                                                                                                                                                        pidiDg the             impIicaIi.mD
                                                                                                                                                                                        tbro1Igb the cour!I.
                                                                                                                                                                                            Tba issuB boila down to what
                                                                                                                                                                                        happBDlil whan II vtl!lool dmp&
                                                                                                                                                                                        down to II two-lItar "sm'bar"
                                                                                                                                                                                        Rigbl!drlp mtlng-"""" Imnpo_
                                                                                                                                                                                        mrily - if the c1unt&r lIIl}'II it
                                                                                                                                                                                        IIII8da to WlliD.IaiD. RigbtahipIIp-
                                                                                                                                                                                        proval, tskao. to be three to fin
                                                                                                                                                                                        blue s!BJI.




                                                                                                                                                                                         _.
                                                                                                                                                                                            Some clmrtammhave rlppad
                                                                                                                                                                                        up their daBl.o,lIlBViDg lIWIIIIllI
                                                                                                                                                                                        bBl1fiIDg thBy havB U8Bd the
                                                                                                                                                                                        JUahtelrlp mfamnca "" II l.agal
                                                                                                                                                                                        loopholo In IOrit unpmfttBblo

                                                                                                                                                                                           10.bid to B01vB the probl8lll,
                                                                                                                                                                                        Rlghtsbtp bas propoeadll ciBUla
                                                                                                                                                                                        that It baliavae would be fair to
                                                                                                                                                                                        both chsrbnn ewl ownem.
                                                                                                                                                                                           It mad.B II preBBDfaIion In




                                                                                                                                                                                        -
                                                                                                                                                                                        Bfmco'J documanlsrJ' commit-
                                                                                                                                                                                        "'" iII Athona Ill: tho lllllDJliAB-
                                                                                                                                                                                        tiaD.'11 gtIIlBlIIi meeIiDg in IIIIlly

                                                                                                                                                                                              V8Im.'sn cbartm-party axpmt
                                                                                                                                                                                        John Tsu.tsae, who clwimd the
                                                                                                                                                                                        IDII8IiDlI for Bimllo, telle 'Ind.-
                                                                                                                                                                                        WineD that • subc:ommitiBB "-
                                                                                                                                                                                        now studying the :!HuB In the
                                                                                                                                                                                        hops offtnding s eoIotion..
                                                                                                                                                                                          "I <miBiDly ihiD.k w.. osn
                                                                                                                                                                                        solVII th1e. ~ on the
                                                                                                                                                                                        0WIllIIII' .ida !ham I'IlIl1lItnII
                                                                                                                                                                                        ooms mlimnco not laIIBI: about




                                                                                                                                                                                        --"
                                                                                                                                                                                        the Righiship oyshlm. For BJ<-
                                                                                                                                                                                        amplB, how dOllS their algo-

                                                                                                                                                                                              Gmnt   H~        BImoo'J doou-
                                                                                                                                                                                        IDIIDtsry-departw.tmt heBd, ech-
                                                                                                                                                                                        OBI the opinion.
                                                                                                                                                                                          "Il:'J an iMue that will naed
                                                                                                                                                                                        ooms clo... study boosnaa !ham
                                                                                                                                                                                        UIlIOmllIlllljol implicBl:iowl  for
                                                                                                                                                                                        0WIlBII    of sigDIDg such. claUSI.
                                                                                                                                                                                        I am IOlm the problmn em be
                                                                                                                                                                                        l'IlIoivlld., bowevm.-


      sb'-pInfi:nmatlon, nmgIng from the           haVII Ibm. Il'llbeen one oftha lEI-        ever, If you am bre8Idng ruleI,             the market- snd thBywant to \18lI            lome i.eeBBning of:mstmmce on
      yard wham It WBI bullt, the llWIlIlr         cmtII of our slllDMIIl Our cliento         than you will be 1mJIBted.                  BII much of that !mmIIgB -             but   the bulk lid.. and paoplo """apt-
      lII1d DJIIIlIIlI8l" to its I1ICIlclof iII-   ny: jIlBl: giYlI il to msllimplyl'·           Righlllhi.p ia"'i'tltliDg IIhlJUtZ,lOO   theyWllD! to mabI 0Ul1I they msn-            iDg that w.. UIl heviDjj .. pllllilive
      spectioDs. da1I.cleDcles and 8V8IL              The other major difference III          Bbips per moIIl:h fur its 130 cus-          agethe higb.-dskend. Out of that,            Impact. W.. havB )usI goD!I " " .
      detsntlon&. That data III than fad           tImt SIRE1lI1IIl1n.opeclion-drlTllll       tom...., who pRy RauhllCliplilm fur         hopafuIly evmyona 8"'" a battm               that inlt:IBl hump. SIRH !oak 10
      inID Il propJietnriDl muthmnsti....1         model. Aware of crilicillm from            tho 1IEIl'rioB, but it phyaicoIly in-       dmL"                                         ytIIII.'IIttlcrackit.
      sJsurithm that gtID.IIlII18s II simpls       lIWI1llIII of lIYtIriDBpBcIiw,Rijjht-      IIpIlCIsd. ODly596 ohip.1ast. year.            Pllll1,who ill I11181.y ....... withoul     Nl1CIILIIII amliDued: "W .. now
      star llystem. Chart8Iws ClIIl then           lIh1p only IdeDtI1l.elI the wont VII&-        Rightship opened an omca In              hls lBBthBr jsdBt mel.• roIl-up In           111Ipaoplo with qualfty tomlBgB
      use It to _ , the rI8k of taldng             ,aJ. for physk:Pllngpectkm.                Londontwo yeersegoto camp1&-                hls hand, addad: "'I'ha p~                   BBalng that theybsva on OOVBllIBgB
      on   II   purticuIa:r_L                         "Wa am IIUIldngR key lIIIIiUlIlp-       IJUIJItits headofBcain Melbourne            ofRIahtahip WIll thet WB wtlrB jual                               .
                                                                                                                                                                                       ofput:tinlltbmnllOl.... 1n tbatlllBl'"
        Itil tlIIIlIim:p1B pDWtll Dfthatad-        tIon that  ..nthe othar playma iII         IWd the US bull iII Hln1sbm.                tlumI ttl ideDlify the su'bsllwdard          bt. W..'ve ....... ,lot of CUB!mnIIni
      mittedly stnIgb.tfurward Btai'-rat-          the mariJ:im&.safat 1Iy8t8m. lib              HeadlDg lip the team ofbein              op""'.                                       who BI.'8 proud !hal: their tomlBgB
      Ins oyIltmnt1mtlll the :&.mdmnsnlBl          cI.nM end flag. am doing: what thsy        Landon III RfBhblhip Eumpsnn                  "But our cusltm1mII' sIm t. to             II fivII slBr.
      difl'llmm:ewilhthe ImIImrmBlbt..             om mpJIom '" ba doing.                     IJlIIILII8lIl' David Pool and I'omwr        milia the bsr mui fraa up mora                  "They sm lllyiDg: 'Wo wont In
      SIRE oystsw lUII by the Oil Com-                "FDl the lJWIIIl<I that ... duiJIg II   EqWl8il dil11l,1m GtIlJ<l1'1 But:lay.       ohipa. So if we csn be proacli....           marlurt !haL     rm D.D! jusllW.Oiher
      panies lDtematlaoal MarIne Po-               lIOOd job, _lea.. them 1loDt, we              ThBthreeolllces gin Rlgbtship            w1Ih 0WIlB1'8, than !hal:i&what WB           bulk opa:mtor,     rm    opcaIiDg •
      mm. (OCIMF).                                 don't go nnd put mother layer on           slmnsl2ol-ho'OrcllTllrllB'" Bulmom          WIUllto do.-                                 qnolityfteatl' Rightabip II am_
        And it ill perhaps the _         of        lop oftJu-, WEI putllClIllllllllll"llY     impmtBntly, PtIIIl, II furmsr John             Paw hall bl>llll pounding tho             n:m ofbow they em do that. -
      RiHblllhip'lllUCllllll'.                     down to tim iuwtIr IIIlIII,n N<JmIIIII     Fredribm aidII iII Go1Br LNG, has           sl"n,t. bnoIkiDgdown the ... miB-               Paol adda !hilt they osn U!I8
         '''l'hiI key difIemwl is that SIKB added.                                            besn buildiDgRighlJhip'J c:ontacts          lXBlCBptiona despi1B the impacl of           Rightship to bomchmark th8m.-
      itI simply II databesa - a report         He Ilken8 It to C\IItoDuIcontrols             with European ownerlI.                      the racBBII!on. «A couple of cus-            SWV8B ag.sinst othar comparabl..
      withno J'BOODImondstion 'l1ull'IIill Ill: an Bilport. Fm people with                       Porlmps understsndahly, IIIDlII          !omB:rlII bsva gtIIlII out ofbwiinou         compsni....
      DO oubjoclivity, IIIidNlIlIDIID.
                          "                 IllJl:hiDg to dechmI, thsm ;" IKJl:h-             lIWIIIIllI ha.... baom. WIUY of RiHbt-      but tha upaid.. has baom. !hal: W8              Nl1CIILIIII deuieB that ihIInI .....


                                                                                              _.
         "Our model ill dl:Ii'weDl: - we IDgto hindsr theh prognlBII. How-                    ship, wh1ch they seeu. stoogeof             havB II>IIll BIl im:nruB In the              certalD. SBCIors whBre It Is eflioc:-
                                                                                              the maJar ciuIrtmsrI mui henca               [1IUIIIbm of] lIWIlflInI cmnlng to UI:      tlmy Impoulbia to trad....t a d...

I of Rlghtshlp wos thot we were Just there to
                                                                                              part of the otharfida of the buB!-          ".-
                                                                                                                                            PBol.ddl that ooms progI88si....
                                                                                                NomlIID l'lIjectl thatviBw funds- 0WJ1IIIS 8ft DOW proact1vBly com-
                                                                                                                                                                                       ,.,..,.
                                                                                                                                                                                       oont I.'IIID without Rightship 1lJI-

                                                                                                                                                                                            "I wouldn't go that far," lui r.-


,So if we can be         _clive
lMH'ators. But our cUltomM's' aim is to rai. the
                           with owners, then_
                                                                                              1D8IItBIly.:RIghtUtp t. not!herB 10 ing to Rightabip to sbIIl'IIlmwthey
                                                                                              blacldiatu much oftha ftaat u It ha.... dawt with a pro'blom. "'Iboy
                                                                                              llIUl. Q.uit8 the lBVtI[H, luIliIII}'!I.
                                                                                                   "an. of my roles ill to have u twean th8msWVIIS and their ri-
                                                                                              IJLIIDj' nIIBBIo opan 10my CUB!mn_
                                                                                                                                       WIlD! ttl put thet clear WBI8r bit-

                                                                                                                                          ....
                                                                                                                                                                                       :ll.BC!ad. "At the and of the da:y, WB
                                                                                                                                                                                       gi.... llm<l11l1lm111l1!tIon to our<:ua-
                                                                                                                                                                                       IomBIa. They CIIII igJw:mil, throw
                                                                                                                                                                                       It out or accept IL PaoplB csn
                                                                                                                                                                                       """""" to do mw:tiy what thBy
                                                                                              11I.'II U I po_i'bIy can. Thay sm iII      "We IIl<I now s!In'ting ttl 1100              lilm with il.-

				
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