InterManager, the international trade association for third party and in-house ship managers, has welcomed news that BIMCO has relaunched its pan-industry Shipping KPI initiative after a two-year period of redesign.
InterManager was instrumental in developing the Shipping KPI project, but transferred it to BIMCO in 2015 to continue development of the project. BIMCO announced at the time it would take into account the broader needs of shipowners and operators as part of the continued development of the KPI (key performance indicator) standard.
BIMCO announced on Friday (23rd February) that it was relaunching the ship benchmarking tool and has a short-term target getting 10,000 ships into the system.
Captain Kuba Szymanski, InterManager Secretary-General, said: “This is a fantastic project and I am delighted that BIMCO is taking it to the next stage. Those companies who are using Shipping KPIs are reporting many benefits. It is impossible to run an effective shipmanagement business without the use of sound performance indicators.
“Our industry is committed to transparency and there isn’t a better tool than Shipping KPIs, where all stakeholders ‘speak the same language.’”
Shipping KPI helps shipowners and managers make strategic decisions about their fleet by comparing 33 different key performance indicators. It enables users to compare performance parameters between ships of similar type, tonnage, trades or flag states, while remaining anonymous.