RightShip reports that it is exploring strategic options to bring in a new minority investor to support its ambitions to expand its data, technology and AI capabilities.
The company says the move aims to strengthen its ability to provide customers with actionable insights that contribute to maritime safety and environmental performance. Existing investors BHP, Cargill and Rio Tinto will remain shareholders and continue to support RightShip as it enters this next phase.
“Our primary goal is to partner with an investor who brings not only capital but also significant expertise in data and technology and transformational growth,” the company said, in a statement.
“We will seek a partner with the ability to provide valuable insights, resources, and track records that will support RightShip to accelerate our growth initiatives. Together, we will innovate our product offerings, supercharge our data, technology and AI capabilities and deliver delightful customer experiences – all with the intention of working to achieve ‘zero harm’ in the maritime industry.”
RightShip says the review remains at an early stage and will be managed confidentially to avoid speculation or disruption, with stakeholders to be updated as it progresses.
