Global investment firm Permira has become a minority shareholder in RightShip, a maritime digital platform for safety, sustainability, and supply chain due diligence that is headquartered in Singapore.
“RightShip plays a critical role in improving safety and transparency in the maritime industry. The company’s services and data offerings come together on its AI-powered platform to bring deeper insights, better decision making, and workflow automation to key stakeholders,” said Daniel Tan, partner at Permira.
The move comes as RightShip looks to accelerate its technology-guided growth. Founding shareholders BHP, Cargill and Rio Tinto will each retain their equal stakes in the business.
Steen Lund, ceo of RightShip, added: “With Permira’s global scale and expertise in technology and mergers and acquisitions and the continued support of our founding shareholders, we will accelerate investment in our products, data, AI, and people to grow RightShip’s relevance and reach – enhancing our mission of zero harm to people and the planet.”
The transaction is subject to customary regulatory approvals to be attained in coming months.
Earlier this year, RightShip and marine technology firm Mapsea formed a strategic partnership relating to safety and greenhouse gas emissions.
