Enhancing a shipping company's safety through utilization of safety KPIs

Ghonaim, Saleh and Turan, Osman and Kurt, Rafet (2021) Enhancing a shipping company's safety through utilization of safety KPIs. In: 1st International Conference on the Stability and Safety of Ships and Ocean Vehicles, 2021-06-07 - 2021-06-11, Online.

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All shipping companies are required to maintain the adaptation of the International Safety Management (ISM) which was introduced by the IMO in the late 1990s (IMO, 2019). The general aim of the ISM code is to provide an adequate level of operational safety for the maritime industry. Thus, the shipping companies are required to keep records of the Performance Indicators, including the KPIs, which can also be called the leading indicators for the accidents (OCIMF, 1997), as the leading indicators can be utilised to predict accidents before they happen. (Grabowski et al., 2007). The leading KPIs are beneficial for taking proactive mitigating measures and predicting potential accidents. In this way, the shipping companies will have a tool to measure their safety culture level by comparing their KPIs with the standardised shipping KPIs (Rialland et al., 2014). Therefore, shipping companies are required to identify which KPIs to record with the aim of trying to identify the areas that need improvement. Consequently, the organisations which keep a close eye on the KPIs will achieve continuous improvement of their safety culture. This paper presents a case study which includes screening and further analyses of the collected KPIs from a shipping company over the years and then compared to the KPIs listed by BIMCO (BIMCO, 2018), and are related to the environment, health and safety, navigational accidents, operation, and inspections. The presented results will cover the gaps identified by the collected KPIs from the company and the effectiveness of these KPIs, together with further discussions. The paper will propose general improvements to enhance the company’s safety culture even further, which are applicable to the whole industry.