RightShip partners with LSEG to integrate World-Check sanctions screening

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Global ESG-focused digital maritime platform RightShip announces its collaboration with financial markets infrastructure and data provider LSEG (London Stock Exchange Group) to augment the risk management framework for governance risks in the maritime industry.

The partnership will integrate LSEG’s World-Check into RightShip’s digital maritime platform and vetting workflows. This will allow end-users, including charterers, financial institutions, traders, port authorities and ship owners to comprehensively screen and assess vessels and the maritime companies that they do business with for risks associated with sanctioned or embargoed vessels. This will provide businesses with the necessary information to make informed, secure and sustainable business decisions in line with global regulations and directives.

To address any evasion of trade sanctions by shipping companies, for example in the carriage of prohibited oil or arms, World-Check will enhance RightShip’s vetting processes with a well-organised database containing more than 4 million records. Additionally, its team of 400+ specialists is equipped to track emerging risks globally in real time, offering companies improved oversight and clarity on their risk exposure.

Specifically, the integration will encompass all maritime vessels listed on sanctions, watchlists, and enforcement lists. This includes information on vessels that are registered in, linked to, or flying the flag of a sanctioned country or entity. When applicable, it will also cover details of the registered owners and beneficial owners connected to these vessels, ensuring comprehensive coverage and transparency.

Steen Brodsgaard Lund (pictured), Chief Executive Officer, RightShip, said: “Transparency, supported by data, is crucial for addressing the increasing challenges and scrutiny in the shipping sector’s governance. Our partnership with LSEG allows us to offer our customers a seamless workflow-based understanding via our vetting processes of shipping risks, enhancing the transparency required to overcome these obstacles.”

“By collaborating with top maritime due diligence and sanctions intelligence providers, we’re offering our customers a vetting solution that fills the gaps in their shipping risk management workflows. This comprehensive approach provides a clear picture of the risks they face. Through this partnership, we aim to help organizations navigate the maritime industry’s growing complexities, ensuring they remain compliant, minimise risks, and maintain confidence in their trading activities.”

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