Shipping KPI monthly news March 2019

About the Shipping KPI system

Since BIMCO acquired the Shipping KPI system in June 2015, the system has increasingly gained attention from the maritime industry. At present, there are 315 activated accounts in the system. This is an increase of more than 50 new activated accounts since the acquisition. In addition, more accounts have brought more information into the Shipping KPI database with performance data currently reported by about 6350 ships.

One of the features of the BIMCO Shipping KPI system is “Ship/fleet/industry benchmarking”. The value of the benchmarking feature relies on the accuracy and the number of input data every quarter. Therefore, the more data that users submit into the system, the more value users will get. Every ship has its own data and the BIMCO Shipping KPI system is helping users get the meaning from their ship’s data in order to boost their ship’s performance.

Monthly random KPI – KPI026: Port state control deficiency ratio

This KPI expresses the company’s ability to avoid deficiencies issued during Port State Control Inspections.
The KPI represents a ratio between the number of reported deficiencies relative to the number of Port State Control Inspections as such the average number of deficiencies per inspection. By defining the KPI as a ratio, benchmarking is feasible even between ships being subject to an uneven number of Port State Control Inspections.

KPI Value Example

 PI048  Number of PSC deficiencies in a quarter  = 12
 PI049  Number of PSC inspections in a quarter  = 4
 KPI Value  Port State Control Deficiency Ratio  = 12/4 = 3

For more information

Please email any comments and questions to Peter Lundahl Rasmussen: plr@bimco.org.

About BIMCO's Shipping KPI System

  • It has 64 different indicators
  • Provides an accurate comparison of ships
  • Has anonymised data
  • Boosts performance improvements
  • Ship/fleet/industry benchmarking

 

Vy Lee
By Vy Le
in Copenhagen, DK
 

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