BIMCO relaunch ship benchmarking system

Overview

After two years of redesign, BIMCO relaunches ship benchmarking system, Shipping KPI. The system helps shipowners and managers make strategic decisions about their fleet.
The Shipping KPI system enables me, as a shipowner, to make rational strategic decisions on how to run my fleet, by benchmarking with other ships in the segments we compete in. It is an important step for BIMCO in its goal of developing digital solutions for the industry says Şadan Kaptanoğlu, owner of Kaptanoğlu Group, President Designate of BIMCO and chair of the Shipping KPI steering group.

Shipping KPI currently has 300 companies and a total of 6000 ships self-reporting. BIMCO’s aim is to get more than 10,000 ships in the system to give shipowners more opportunities to benchmark and compare their fleet.

How the Shipping KPI can help you benchmark your fleet

Users can 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)– for example budget performance, ship availability, contained spills and officer retention. The KPIs are based on 64 individual performance indicators.

The data is hosted with an external company, which is independently audited to verify its ability to safeguard the data and BIMCO does not have direct access to the data provided by the participating companies.

Free of charge

Shipping KPI is run by BIMCO on a not-for-profit basis. New users have to pay a sign-up fee, but thereafter, the tool is free for BIMCO members. Non-members have to pay a sign-up fee and thereafter an annual subscription of €1,975.

Read more on the Shipping KPI and find out how to register .

Join BIMCO for the launch event in Cyprus on Monday 26 February.


Peter Lundahl Rasmussen
By Peter Lundahl Rasmussen
in Copenhagen, DK
 

ELSEWHERE ON BIMCO

Contracts & Clauses

All of BIMCO's most widely used contracts and clauses as well as advice on managing charters and business partners.

Learn about your cargo

For general guidance and information on cargo-related queries.

More about cargo

BIMCO Publications

Want to buy or download a BIMCO publication? Use the link to get access to the ballast water management guide, the ship master’s security manual and many other publications.