BIMCO announced that it will relaunch the ship benchmarking system Shipping KPI after being redesigned for two years. The system aims to help operators make strategic decisions regarding their fleet.
Shipping KPI gives the ability to users to compare performance parameters between ships of similar type, tonnage, trades or flag states, while remaining anonymous.
Users can compare 33 different Key Performance Indicators (KPIs), such as budget performance, ship availability, contained spills and officer retention. The KPIs are based on 64 individual performance indicators.
After BIMCO redesigned the reporting tool it wanted to ensure that reporting values comply with IMO-rules and industry-standards.
When using the Shipping KPI system, the lowest level an operator can compare his ship with is the data from a minimum of 10 ships, owned by at least three different companies.
The data is hosted with an external company, which is independently audited to verify its ability to protect the data, and BIMCO does not have access to the data provided by the participating companies.