ClassNK grants Innovation Endorsement Provider certification to VesselsValue


ClassNK has granted its Class C Innovation Endorsement Provider Certification to VesselsValue, which provides daily updated ship values and data based on the latest market insights and intelligence.

The Japanese classification society offers its third-party Innovation Endorsement “Provider Certification”, which supports innovative initiatives for companies and organizations. As companies pursue ESG-oriented management and SDGs, ClassNK conducts third-party certification on the initiatives to transform their own business methods and organizations to establish a sustainable and competitive business.

There are three categories of certification available to companies according to their innovation activity stage:
– Class C (Concept: Organizational policy and system in place for innovation)
– Class D (Development: Specific innovation activities being carried out)
– Class S (Sustainable Implementation: Sustainable innovation with results implemented in the business).

VesselsValue describes itself as having developed the world’s first algorithm driven online ship valuation services, and as providing daily updated ship values and data based on the latest market insights and intelligence under a policy of providing objective and transparent market intelligence to their customers in a new and innovative way, combining deep market insight, state-of-the-art statistical methods, in house experts and computer technologies.

ClassNK conducted an audit of the VesselsValue’s systems, focusing on its policies, plans and organizational structure in the innovative services it is providing, confirmed that the organization and its innovation activities meet the Class C stage requirements, and issued the Class C Innovation Endorsement Certificate for Providers.

ClassNK says it will further promote its Innovation Endorsement for Ships, Products & Solutions, and Providers, and strive to support innovative technologies and initiatives.