Herd immunity is a term used within scientific fields such as epidemiology and biology. It defines a single – weaker – organism’s protection against diseases which it is unable to defend itself against. The term is commonly used in disputes concerning vaccinations. However, to some extent the same principle applies to the Shipping KPI.
Considering the amount of data made available through contributions by the community you will get a clear picture of the industry standard today. The expert group working with Shipping is considering various safety precautions, so data is not misleading. Obviously, the best way to have reliable data is to have as much data available as possible. The narrower the filter criteria, the narrower the result will be. Comparison to a limited pool of just a handful of peers (Please note it is not possible to compare with pools smaller than 10 ships from less than 3 sources) will make the result subject to the odd man out. Please observe illustration below.
In the above graph following oddities can be observed:
The Shipping KPI provides users with a powerful tool to enhance their business, but great consideration should be paid to source of comparison.
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Veritas Petroleum Services (VPS) publish regular Bunker Alerts based entirely on fuel samples and have kindly permitted BIMCO’s Members to access this information.
The Bunker Alerts are not intended to be an evaluation of overall bunker quality in the port or area concerned, but usually highlight a specific parameter within the fuel which has raised a quality issue.
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