Shipping KPI System

BIMCO Shipping KPIs

 

What is BIMCO Shipping KPI?

The BIMCO Shipping KPI System is a global shipping industry tool for defining, measuring and reporting information on operational performance. The Shipping KPI System is used by shipping companies to:

  • compare their business performance against the industry standard and potentially identify where efficiency improvements could be made
  • clearly communicate their ship operational performance, both internally and externally
  • ensure a specific and accurate comparison of both own and other users’ ships and fleets

Data security is paramount, and the reported data is not only anonymous but also only used in an aggregated average for benchmarking. The benchmarking rule is based on not less than 3 other KPI users and a minimum of 10 ships. BIMCO does not have access to any reported performance data.

It is a system for the industry – developed, maintained and operated by the industry.

What is the History?

  • 2006: Shipping KPI was developed by a cross-industry group under InterManager
  • 2011:Shipping KPI was launched to the public at IMO
  • 2015: BIMCO took ownership of the Shipping KPI
  • 2018: BIMCO launched Shipping KPI version 3.0
  • 2020: BIMCO Launched Shipping KPI version 4.0

What are the key advantages and functions?

  • across industry performance benchmarking
  • all functions and formulas are fully transparent
  • filtered internal & external benchmarking 
  • graphical overview of ship/fleet status and KPI performance
  • easy generation of status and benchmarking reports 
  • increases transparency within the shipping industry
  • measures ships’/fleets’ performance data
  • monitoring of internal performance improvement 
  • online platform (no download required)
  • only using aggregated data for benchmarking 
  • performance Indicators being accumulated into KPI’s
  • quarterly reporting as recommended minimum 
  • secure and anonymous for all users
  • size of data pool equals data quality (crowd sourcing) 

How does it work?

The Shipping KPI offers shipping organisations the ability to produce a visual representation of how well (or not) a ship performs during a specific time period. It uses a unique standard of Key Performance Indicators (KPIs) and the Ship Attributes that allows users to filter information according to different type and sector of ships. This will allow the user to produce ship reports and benchmark ships and fleets across different types and sectors.

What's new in Version 4?

  • Updated PI’s and KPI’s to reflect industry demands
  • Improved user-interface
  • Shift to ranking concept
  • Interim choice of either rating under version 3 or ranking under version 4 for benchmarking
  • Optional settings for users’ own targets 
  • Improved visualisation of benchmarking and ranking results

Key Performance Indicators:
KPI034: Total Recordable Case Frequency (TRFC)
KPI035: Total Recordable Case Frequency and First Aid Cases (TRFC & FAC)
KPI024: Operational deficiencies. The formula takes into account the new PI065 Overdue tasks in PMS

Performance Indicators:
PI065: Overdue tasks in PMS
PI066: Medical Treatment Cases (MTC)
PI067: First Aid Cases (FAC)

Ship attributes
In replacement of the emissions related KPIs, a new ship attribute is added to reflect the Energy Efficiency Design Index (EEDI). The EEDI value can be found in the ship’s International Energy Efficiency Certificate (IEEC). For the new ship attribute the code META025 is used.

KPI Groups
The old concept of Shipping Performance Indexes (SPIs) has been replaced from the concept of KPIs Groups. Compared to SPIs, KPI Groups do not express any form of aggregated performance in any area. No calculation is happening on this level. It’s just used as a grouping criteria. By default, the system makes use of the following groups:

  • Environmental
  • Health and Safety
  • HR Management
  • Navigational Safety
  • Operational
  • Security
  • Technical
  • Port State Control

For more information please click here

How do you sign up?

BIMCO members - free annual user fee

For all registered owner member companies of BIMCO who would like to use the KPI System, a one-time setup fee will be charged.

For non-member companies an annual subscription fee and set-up fee will be charged.

BIMCO member
up to 9 ships

BIMCO member
10 ships and above

Non-BIMCO member
 

EUR 475
setup fee
EUR 975
setup fee
EUR 1,175
setup fee
EUR 0
annual fee
EUR 0
annual fee
EUR 1,975
annual fee

Sign up process

If you are already a BIMCO member, your ship and company registration details will be added automatically when you enter your BIMCO membership company registration number.

Register

Got a Shipping KPI question?

Contact the Shipping KPI team

Email: shipping-kpi@bimco.org

The Shipping KPI System is a global shipping industry tool for defining, measuring and reporting information on operational performance. It uses a unique standard of 64 different performance indicators to allow the most specific and accurate comparison of ships - across different types and sectors - that is currently available.

The data collected is anonymised and aggregated, so it does not compromise commercially sensitive information.

To find out more about the system, please use the below links:

For further information please visit the KPI standard page

 

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