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
DNV report: Hydrogen at risk of being the great missed opportunity
(Posted on 20/06/22)Hydrogen has a crucial role in decarbonizing the world’s energy system, but uptake will be too... Read more
Aurus and Columbia join forces as ‘Columbia Aurus Ship Management’ India
(Posted on 20/06/22)Columbia Aurus Ship Management will tap into the Indian crewing market to further consolidate Columbia... Read more
Governments must share emissions target load, warns INTERCARGO
(Posted on 12/06/22)It would be a mistake to place responsibility for meeting IMO’s zero emission shipping targets... Read more
New BV partnership to advance augmented ship services
(Posted on 12/06/22)Bureau Veritas (BV), one of the world’s leading ship classification societies, Laskaridis Shipping... Read more
Plakiotakis: financing decarbonisation needs creative solutions
(Posted on 08/06/22)Shipping is required to face the complex challenges placed by the progressively stricter IMO and EU... Read more
AXSMarine selected for provision of training software
(Posted on 08/06/22)AXSMarine, a leading provider of SaaS shipping software and data for Dry Bulk, Tanker, and Container... Read more
CSM takes vessel twinning to new level
(Posted on 08/06/22)Columbia Shipmanagement (CSM) has once again pushed industry boundaries by creating a totally SMART... Read more
StormGeo announces CII Simulator to advance shipping decarbonization
(Posted on 03/06/22)StormGeo, a leading provider of weather intelligence and decision-support solutions for the shipping... Read more
Survitec’s Head Start to mitigate safety risks for shipowners
(Posted on 31/05/22)Survival Technology specialist Survitec has introduced a unique approach to ensure shipowners are fully... Read more
Damen to supply second Combi Freighter to Elbe-Ems
(Posted on 31/05/22)Shipping company Elbe-Ems has ordered a second Combi Freighter 3850 (CF 3850) from Damen Shipyards,... Read more
