Journal is indexed in following databases:



2023 Journal Impact Factor - 0.7
2023 CiteScore - 1.4



HomePage
 




 


 

ISSN 2083-6473
ISSN 2083-6481 (electronic version)
 

 

 

Editor-in-Chief

Associate Editor
Prof. Tomasz Neumann
 

Published by
TransNav, Faculty of Navigation
Gdynia Maritime University
3, John Paul II Avenue
81-345 Gdynia, POLAND
www http://www.transnav.eu
e-mail transnav@umg.edu.pl
Maritime Sustainability and the Need for Global Performance Indicators in Shipping: An Empirical Investigation Based on the Shipping KPI Standard by BIMCO
1 World Maritime University, Malmö, Sweden
ABSTRACT: This paper aims to cover a gap in maritime literature by analysing the performance of the international fleet through the BIMCO Shipping KPI System databases, and by highlighting the necessity for the adoption of Global Performance Indicators to serve the needs of a sustainable maritime industry. The paper investigates the complex interrelations of the various types of performance in shipping, consisting of 57,622 ships of all commercial types, operated from 26 countries, covering the environmental, health, safety management, HR management, navigational safety, operational, security, and technical performance. Results indicate that countries rank differently with regards to the aggregated performance of their respective shipping companies, signifying different managerial approaches. This paper contributes to the discourse of maritime governance, aiming to be of interest to all maritime stakeholders dealing with marine policies and institutional arrangements for the management and regulation of international shipping.
REFERENCES
Banda, O. A. V., Hänninen, M., Lappalainen, J., Kujala, P., & Goerlandt, F. (2016). A method for extracting key performance indicators from maritime safety management norms. WMU Journal of Maritime Affairs, 15(2), 237-265. - doi:10.1007/s13437-015-0095-z
Benett, P. (2000). Mutuality at a distance? Risk and regulation in marine insurance clubs. Environment and Planning A 2000, volume 32, pp. 147-163 - doi:10.1068/a3215
Bloor, M., Datta, R., Gilinskiy, Y. & Horlick-Jones, T. (2006). Unicorn among the Cedars: On the Possibility of Effective 'Smart Regulation' of the Globalized Shipping Industry. Social & Legal Studies (15), 534-551. - doi:10.1177/0964663906069546
Brundtland, G. (1987). Report of the World Commission on Environment and Development: Our Common Future. United Nations General Assembly document A/42/427.
BIMCO (2018). The Shipping KPI Standard V.3.0. Retrieved from Baltic and International Maritime Council. Available at: https://www.shipping-kpi.org/book/pages/concepts#?kpiProfileId=1. Accessed: 31 July 2021.
Chang, Y. C. (2012). Ocean Governance A Way Forward. The Netherlands: Springer. - doi:10.1007/978-94-007-2762-5
Chou, T-Y. and Liang, G-S. (2002): “Application of a fuzzy multi-criteria decision-making model for shipping company performance evaluation”, Maritime Policy & Management, 28(4), 375–392 - doi:10.1080/03088830110049951
Darousos, E. F., Mejia, M. Q. Jr., & Visvikis, I. D. (2019). Sustainability, maritime governance and business performance in a self-regulated shipping industry: A study on the BIMCO Shipping KPI System. In P.M. Panayides (Ed.) The Routledge Handbook of Maritime Management. Routledge, Taylor & Francis Group. - doi:10.4324/9781315617138-6
Dragomir, C. (2019). Key performance indicators (kpi) for evaluating economic efficiency of gender policies in shipping companies with mixed crews. Constanta Maritime University Annals, 27(223). - doi:10.38130/cmu.2067.100/42/23
Fukuyama, F. (2013). What is governance? Center for Global Development Working Paper No. 314.
Furger, F. (1997). Accountability and systems of self-governance: the case of the maritime industry. Law and Policy 19(4), 445-476. - doi:10.1111/1467-9930.t01-1-00035
Gekara, V. O. (2010). The stamp of neoliberalism on the UK tonnage tax and the implications for British seafaring. Marine Policy 34(3), 487-494. - doi:10.1016/j.marpol.2009.10.003
Konsta, K. & Plomaritou, E. (2012). Key Performance Indicators (KPIs) and Shipping Companies Performance Evaluation: The Case of Greek Tanker Shipping Companies. International Journal of Business and Management, Vol. 7(10). - doi:10.5539/ijbm.v7n10p142
Kelley, J., & Simmons, B. (2019). Introduction: The Power of Global Performance Indicators. International Organization, 73(3), 491-510. - doi:10.1017/S0020818319000146
Lagoudis, I.N., Lalwani, C.S. and Naim, M.M. (2006): “Ranking of factors contributing to higher performance in the ocean transportation industry: A multi-attribute utility theory approach”, Maritime Policy & Management, 33(4), 345–369. - doi:10.1080/03088830600895568
Mejia, R., Stray, A., Fernandez, A. C. L., & Magdaong, E. G. Jr. (2016). A baseline study of Filipino seafarers onboard Norwegian controlled ships: a fusion of health, risk, & finances. Manila, Philippines: Marine Benefits Inc.
Mejia, R., Stray, A., & Magdaong, E. G. Jr. (2018). A health & wellness study of Indian seafarers onboard international controlled ships: the many faces of the Indian seafarer. Manila, Philippines: Marine Benefits Inc.
Melas, K. (2019) Corporate governance in the shipping industry, in Panayides, P. M. (Ed.) The Routledge Handbook of Maritime Management, Taylor & Francis. - doi:10.4324/9781315617138-11
Narkunienė, J. & Ulbinaitė, A. (2018). Comparative analysis of company performance evaluation methods, Entrepreneurship and Sustainability Issues 6(1), 125-138 - doi:10.9770/jesi.2018.6.1(10)
Nesheim, Dag Atle & Fjørtoft, K. (2019). Using the BIMCO Shipping KPI Database to identify costs and benefits of e-navigation solutions. Journal of Physics: Conference Series.. - doi:10.1088/1742-6596/1357/1/012040
Ostrom, E. (1990). Governing the Commons: The Evolution of Institutions for Collective Action. Cambridge; New York: Cambridge University Press. - doi:10.1017/CBO9780511807763
Panayides P., Gong, S., and Lambertides, N. (2010). Measuring Business Performance in Shipping. In C.Th. Grammenos (ed.) The Handbook of Maritime Economics and Business, 2nd edition, 625–655.
Patidar, A., Sharma, M., Agrawal, R., & Sangwan, K.S. (2022). Supply chain resilience and its key performance indicators: an evaluation under Industry 4.0 and sustainability perspective. Management of Environmental Quality: An International Journal. - doi:10.1108/MEQ-03-2022-0091
Roe, M. (2013). Maritime Governance and Policy-Making. London: Springer-Verlag. - doi:10.1007/978-1-4471-4153-2
Sørensen, E. & Torfing, J. (2005). The Democratic Anchorage of Governance Networks. Scandinavian Political Studies 28, 195-218. - doi:10.1111/j.1467-9477.2005.00129.x
Sugden, R. (1991). Rational choice: A survey of contributions from economics and philosophy. Economic Journal 101, 751-785. - doi:10.2307/2233854
Stopford, M. (2009). Maritime Economics. 3rd Edition, Routledge, London - doi:10.4324/9780203891742
Theotokas, I. (2018). Management of human resources of ships. In I. Theotokas (Ed.) Management of Shipping Companies. Routledge Maritime Masters. New York: Routledge. - doi:10.4324/9781315641294
UN Economic and Social Commission for Asia and the Pacific (2009). What is Good Governance?. Available at https://www.unescap.org/sites/default/files/good-governance.pdf. Last accessed 31 July 2021.
United Nations Conference on Environment and Development (UNCTAD). (2020). Review of Maritime Transport 2019. Geneva: United Nations.
United Nations Conference on Environment and Development. (UNCED) (1992). Agenda 21, Rio Declaration, Forest Principles. New York: United Nations.
United Nations (2015). Transforming Our World: The 2030 Agenda for Sustainable Development. New York: UN Publishing.
Valdez Banda, O. & Hänninen, M. & Lappalainen, J. & Kujala, P. & Goerlandt, F. (2016). A method for extracting key performance indicators from maritime safety management norms. WMU Journal of Maritime Affairs, 15, pp. 237 - 265. - doi:10.1007/s13437-015-0095-z
World Maritime University. (2019). "Transport 2040: Automation, Technology, Employment - The Future of Work". Reports. 58.
Citation note:
Darousos E.F., Mejia M.Q., Panteladis I., Pastra A.: Maritime Sustainability and the Need for Global Performance Indicators in Shipping: An Empirical Investigation Based on the Shipping KPI Standard by BIMCO. TransNav, the International Journal on Marine Navigation and Safety of Sea Transportation, Vol. 17, No. 4, doi:10.12716/1001.17.04.01, pp. 759-768, 2023
Authors in other databases:
Ioannis Panteladis: Scopus icon55504542400

Other publications of authors:


File downloaded 303 times








Important: TransNav.eu cookie usage
The TransNav.eu website uses certain cookies. A cookie is a text-only string of information that the TransNav.EU website transfers to the cookie file of the browser on your computer. Cookies allow the TransNav.eu website to perform properly and remember your browsing history. Cookies also help a website to arrange content to match your preferred interests more quickly. Cookies alone cannot be used to identify you.
Akceptuję pliki cookies z tej strony