Environment - BIMCO Bulletin

Environment

TECHNOLOGY AND EFFICIENCY BIMCO Shipping KPI System moves to next key phase. By Johan Conrad, Manager, Maritime Information at BIMCO. The Shipping-KPI platform entered a new phase with its first financially focused key performance indicators (KPIs), when a section consisting of eight top-level aggregated cost categories was added in April. Once a critical mass has been reached, the Shipping-KPI System will allow users to compare cost and performance, not only as individual benchmarking concepts, but also against each other. “This is a big step forward for this platform, because we know from our users that comparing cost typically has more value in the organisation than – let’s say – crewing data,” says Peter Lundahl Rasmussen, BIMCO’s Head of Maritime Information, who leads the project. With a base of more than 7,000 ships, the BIMCO Shipping KPI System is an industry tool for measuring and reporting on performance data on a ship. The KPI Standard ensures users a specific and accurate comparison of the performance of both their own and other users’ ships. The information provided details the performance at ship or multi-ship level over a specific period. It includes data on potential impacts caused by change of flag or class by benchmarking against the ranking of other users with similar ships. The new “cost categories” offer a quick overview of the ship’s cost visible to the user. However, with a new set of categories, the companies using the platform will have to accumulate more data before ships can be compared with full anonymity, which is why Rasmussen has made a plea to all users. “For the tool to achieve its potential, it is critical that users spend a bit of time updating their performance and cost data, because only by contributing will everyone get the full value,” he says. Originally launched in 2010, the Shipping KPI System’s 2021 version has matured a lot during the intervening years and is now more generic and suitable for use by both shipowners and shipmanagers. The user-interface has been improved and is more intuitive, and it is now possible for companies to set up specific profiles to grant full or limited access to staff using the company’s KPI account. “We have invested significant amounts of time and money into the platform, and this is the stage we have been building towards,” says Rasmussen. The next level for the platform will see the addition of further functionalities to the cost categories and enhancement of the user interface. Full anonymity To prevent users from singling out other companies based on performance, the system prevents benchmarking to fewer than three other KPI users that have a minimum of 10 ships. Furthermore, BIMCO neither accesses nor uses any of a user’s reported performance data. BIMCO members will have their entire fleet applied to the database automatically, based on the IMO numbers, while non-members will have to manually enter each ship. The vessels are described using 19 different attributes covering static (for example, dimensions, building year and country) and dynamic information (such as, class society, flag, crew composition). A ship’s attributes are used for narrowing the benchmarking criteria. Connect with BIMCO Facebook Linkedin YouTube