The Shipping KPI standard (http://www.shipping-kpi.org) is rapidly establishing itself as the de facto standard for measuring and reporting ship operation and management performance. More than 1000 ships are today participating in the initiative.
The standard was developed by MARINTEK through two research projects part funded by the Norwegian Research Council and led by Intermanager (http://www.intermanager.org/) through Wilh. Wilhelmsen ASA in Norway. The development work took place from 2006 to 2011 and was a demanding combination of research into what characterizes efficient and usable KPIs combined with a complex consensus process involving a large number of ship owners and managers in most parts of the world.
The result was very successful and has also spawned new research into performance based contracting and in-house performance management through use of the Shipping KPI standard data and benchmarks (see http://www.mits-forum.org/?pg=bm). The large number of ships already participating in the Shipping-KPI initiative and the rapid growth of the database will ensure high quality benchmark values for use in these and coming projects.