Coral Basin ShippingCBS
Open findings (1)
Audited statements three quarters old; live AIS contradicts them
Stale dataRaised 2026-07-04Statement-derived FHR (71/100) rests on 2025-Q3 financials. AIS shows 5 of 14 vessels idle beyond 30 days — activity inconsistent with those statements. Assessment downgraded to confidence B and statement refresh requested.
Modeled signal says
- FHR 71/100 as of 2025-Q3RapidRatings FHR (confidential statement exchange)
Ground truth says
- 5 of 14 vessels idle > 30 daysAIS vessel-movement feed
Two-track assessment
Track 1
Statement-derived financial health
Confidential statement exchange (RapidRatings FHR) — audited statements, never made public
Track 2
Inferred financial risk
No carrier cooperation required (CreditRiskMonitor FRISK/PAYCE)
- 12-month distress probability
- 1.9%
- As of
- 2026-06
Operational ground truth
Government and public feeds USTRANSCOM already trusts.
Fleet active % — trailing 8 quarters
Fuel exposure
Within toleranceForward fuel hedged (next 12 months)
41%
Fuel share of operating cost
28%
41% of forward fuel hedged against a 28% fuel share of operating cost — exposure is within tolerance.
AI executive snapshot
Generated 2026-07-06 06:40 UTC — every sentence resolves to a named source.
Coral Basin Shipping carries a statement-derived FHR of 71/100 — but those audited statements are now three quarters old.
Live AIS data shows five of fourteen vessels idle for more than 30 days, a fleet-activity level inconsistent with the financial picture in the last statements.
COMPASS therefore grades this assessment B (mixed provenance) and raises a stale-statement conflict rather than letting the dated FHR stand alone.
Recommended action: request the 2026-Q1 statement through the confidential exchange; the carrier has historically refreshed within 30 days of request.
Sources cited
- 1.RapidRatings FHR (confidential statement exchange) — Financial Health Rating: 71 / 100 (as of 2025-Q3)
- 2.AIS vessel-movement feed — Vessels idle > 30 days: 5 of 14, anchored off Charleston and Norfolk (as of 2026-06 (30-day window))
- 3.AIS vessel-movement feed — Fleet utilization: 64% of fleet active (5 of 14 vessels idle > 30 days) (as of 2026-06 (30-day window))