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
AtoB@C Shipping takes delivery of Fleximar
(Posted on 23/12/25)AtoB@C Shipping, a subsidiary of ESL Shipping, has announced the successful delivery of Fleximar, the... Read more
Western Bulk re-enters ship ownership with selected partners
(Posted on 18/12/25)Western Bulk, together with reputable Norwegian partners A/S J. Ludwig Mowinckels Rederi, Premium Maritime... Read more
Pacific Basin announces formation of a Sustainable Energy Solutions team
(Posted on 18/12/25)Pacific Basin Shipping Limited, one of the world’s leading dry bulk shipping companies, has announced... Read more
Columbia expects significant growth as more owners shift operations to the UAE
(Posted on 09/12/25)Columbia Group anticipates a period of strong expansion as an increasing number of international shipowners... Read more
Norse Ship Management emerges as digital leader among new-generation ship managers
(Posted on 09/12/25)Norse?Ship Management has expanded its use of Smart Ship Hub’s high frequency sensor data and... Read more
Maritime health experts welcome STCW amendments, but urge against checkbox compliance
(Posted on 09/12/25)As the maritime industry gears up to welcome the IMO’s STCW bullying and harassment training amendments... Read more
NORDEN acquires Southern African cargo activities of Taylor Maritime
(Posted on 02/12/25)NORDEN has acquired the cargo activities of Taylor Maritime in Southern Africa (previously operated... Read more
IMO delay could spark fragmentation risks, warns EmissionLink
(Posted on 02/12/25)Philippos Ioulianou, Managing Director of EmissionLink, has warned the IMO’s decision to delay... Read more
VIKAND highlights bullying and harassment as major mental health concern
(Posted on 02/12/25)VIKAND has highlighted the need for cultural change in the maritime sector as reports of bullying, harassment... Read more
DNV and WMMF guide to support shipowners' path to net-zero
(Posted on 24/11/25)The maritime industry is experiencing a period of significant transformation, driven by rapidly evolving... Read more
