While the World is slowly locking down due to the current COVID-19 outbreak, development of the upcoming new version of the BIMCO Shipping KPI is continuing. With some delay to expected due to COVID-19, 2020 will see the release of the BIMCO Shipping KPI version v.4 which will include:
KPI Rankings concept that will replace Ratings, is a new benchmarking method where performance is regarded as relative to who I am compared with. As part of this concept, custom KPI targets will be also introduced where Shipping Performance Indexes(SPIs) will be eliminated from the KPI standard. The change to ranking can be compared to a racetrack: individual times are less significant, since there will only be one winner. SKPI users will have their ranking returned as being either rank 1, rank 2, rank 3 or so forth. The target can be adjusted depending on the company’s ambitions. E.g. the target can be set to top 20% or top 10%.
The new interface will provide a more simplified structure, which will help users apply and interpret their data correctly.
More information about the conceptual changes will be provided to you on a later stage.
For more information
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