BIMCO takes over KPI system

BIMCO takes over KPI system

Copenhagen: BIMCO has today announced that it has taken ownership of the unique Shipping KPI System that allows shipowners and managers to compare their ships’ efficiency against the performance of the industry and sector averages.

The Shipping KPI System is based on a standard of 64 different performance indicators to allow specific comparison of ships within each sector and more broadly across the industry.

BIMCO will provide the Shipping KPI System free of charge to its members aside from a nominal set-up fee for new users, and will run the tool for the entire industry on a not-for-profit basis.

Angus Frew, secretary general of BIMCO, said: “We will seek to ensure that it becomes the indispensable and trusted tool of all ship owners, operators and managers, allowing them to benchmark and monitor their company and ship performance to drive improvements– without compromising their commercial data.”

Philippe Louis Dreyfus, the new president of BIMCO said of the system: “Accurate benchmarking requires data – and the participation of many shipping companies is crucial. BIMCO is uniquely placed to make this a success, by having the largest membership of any international shipping association – and the trust and recognition across the industry globally.”

Initiated in 2003, the system was developed by a cross-industry group of experts, led by InterManager – the international trade association for the shipmanagement industry – and working with the Norwegian Research Council, consultants Marintek, and maritime IT specialists SOFTImpact and overseen by an independent KPI association since 2011.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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