Rightship Reduces Inspection Age to Increase Safety
The world's leading environmental, social and governance (ESG) focused digital maritime platform, RightShip, on 10th October announced a phased reduction from 14 years to 10 years in the age at which Dry Bulk and General Cargo vessels are required to undergo inspections.
Starting on 31 March 2025, vessels will be required to undergo inspections earlier and more frequently than previously mandated, in an effort to improve safety standards.
The average age of the world dry fleet, currently 14.7 years, is steadily increasing, with the market waiting to see what emerges in new technologies and green fuels before replacing tonnage.
RightShip data also shows the Dry Bulk sector has the highest incident ratio (1.49%) and a Port State Control detention ratio of 4.69%, which is four times higher than that of tankers.
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