Van AalstSailors SocietyCleveland Cascades LtdMultimodal 2022CimbriaTelestack
  • Sailors Society
  • Multimodal 2022
  • TOC Events
  • Vigan
  • The Wolfson Centre for Bulk Solids Handling Technology
  • Port of South Louisiana

Idwal report feature enables further insight for owners and financiers

(Posted on 25/05/22)

Idwal has announced that all inspection reports will now also include a data comparison feature that enables vessel operators and shipping financiers to understand how their vessel compares to others in the same sector. This is a free upgrade to all inspection reports for customers.

The company has been using The Idwal Grade in its reporting since 2018. This an industry recognised measure of asset integrity that is programmatically calculated using proprietary algorithms from over 500 individual data points, captured during a rigorous and standardised inspection process.

The Idwal Grade is represented on reports as a number between 1 and 100 for easy visualisation of the integrity of the vessel. Each individual grade can now be plotted with other vessels of a similar type so the operator or financier can see the asset in the context of the market.

Idwal CEO Nick Owens explained: “We inspect thousands of vessels a year and have been doing so for many years. Using the Idwal Grade consistently enables us to clearly see where one vessel sits in relation to others in the same sector. We are providing this tool as a free upgrade to our reports following feedback from many customers who are clear about the integrity of their vessel(s) from our reports but have an interest in understanding how their grade compares to others and where they sit in marketplace. “

“We are a vessel inspection business firmly built on a data-driven methodology that ensures our reports are consistent, accurate and free from bias”, continued Nick Owens. “The data we have available provides our customers and ultimately the industry with more visibility and understanding of the world’s fleet and we will start to provide more tools and insight over the coming months and years as we develop this aspect further.”

Latest News

IOMSR strikes four ship deal with MX Bulk

(Posted on 28/09/22)

The Isle of Man Ship Registry (IOMSR) is expanding its fleet after securing a new deal with fellow Isle... Read more


DNV and SIT to promote decarbonization and digitalization

(Posted on 25/09/22)

DNV has signed a Memorandum of Understanding (MOU) with the Singapore Institute of Technology (SIT)... Read more


Fleet pledge to reduce environmental footprint of plastic bottles

(Posted on 25/09/22)

Fleet Management Limited, part of the Caravel Group and the second-largest ship management company in... Read more


Idwal appoints Haysom new CCO as expansion continues

(Posted on 15/09/22)

Idwal has announced that George Haysom has joined the business as chief commercial officer (CCO) to... Read more


Britannia hosts P&I academy for members in London

(Posted on 15/09/22)

Previously known as Members’ Training Week, the Britannia P&I Academy provides a week-long... Read more


Sailors’ Society gives thanks for special relationship with Patron, Queen Elizabeth II

(Posted on 09/09/22)

International maritime charity Sailors’ Society has joined the British nation and Commonwealth... Read more


DNV signs autonomous ship technology MOU with HHI, AVIKUS and LISCR

(Posted on 09/09/22)

DNV has signed a memorandum of understanding (MOU) with maritime industry technology leaders HHI, AVIKUS... Read more


ABB and Wallenius introduce digital offering driving efficiency gains

(Posted on 09/09/22)

ABB and shipping company Wallenius Marine today introduced OVERSEA – the maritime industry&rsquo... Read more


DNV and DSME to develop wind-assisted propulsion

(Posted on 07/09/22)

Daewoo Shipbuilding & Marine Engineering (DSME) and DNV have signed a memorandum of understanding... Read more


ioCurrents and ScanReach partnership benefits merchant fleet

(Posted on 07/09/22)

Data analytics specialist ioCurrents and ScanReach, a groundbreaking maritime wireless IoT solutions... Read more


TBA GroupPort of South LouisianaPort of StocktonBühler GmbHTOC EventsThe Wolfson Centre for Bulk Solids Handling Technology
  • Cimbria
  • Van Aalst
  • TBA Group

Subscribe to our newsletter

Keep up to date with the latest global news in bulk cargo handling and shipping