How is the RightShip risk rating calculated?
The risk rating is determined by a computer-based algorithm. It calculates risk based on data collected under about 50 risk factors, including as the following as well as other factors: · Flag Risk (determined by statistical assessment of PSC inspection, casualty and Incident performance associated with the particular flag) · Class Risk (determined by statistical assessment of PSC inspection, casualty and Incident performance associated with the particular class society) · Number of Changes of flag, class, owner or manager · The vessel’s casualty history · The vessel’s Berth Reports · The vessel’s terminal reports · The vessel’s PSC performance (including particular attention to multiple deficiencies and/or detentions over a period of time) · The vessel’s age. These and other risk factors go towards a ‘score’, which is then combined with other factors (such as Port State Control performance) to determine the overall star rating. Ships rated as highest risk score less than 72 through th
