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KPI project passes 1,000 vessels

The Shipping Key Performance Indicator Project, initiated by InterManager but now administered by the independent KPI Association Ltd, has passed the milestone of adding the 1,000th vessel to the vessel data system.

Performance statistics from these vessels are now being inputted into the project’s website – enabling the KPI system to produce performance measurement statistics for the industry.

“This is excellent progress for the project and indicates a great deal of industry involvement and support,” said Captain Kuba Szymanski of InterManager, on behalf of the KPI Association.

“By collating performance data from a wide range of shipping companies we are able to calculate key performance indicators to enable benchmarking against industry averages.”

“The more information we have the more accurate these indicators are which will help to ensure the standards within our industry are kept high.”

Started by InterManager, together with The Norwegian Research Council, Marintek and Wilhelmsen ASA, the Shipping KPI Project developed standard tools for measuring companies’ and vessels’ performance.

Now established as the independent, not-for-profit KPI Association Ltd, the project is working with a range of industry stakeholders and aims to develop a standard for ships’ performance measurement that is common to the industry.

The data which each company inputs is completely confidential and cannot be accessed by any other user of the service. However, the combined anonymised data enables the KPI Project to calculate industry averages to enable companies to benchmark their vessels’ performance.

The KPI Project is now aiming to include 2,000 vessels in its database by the end of 2012.

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