KR Issues Statement of Fact to ShipWatch for Vessel Performance Calculation Methodology
KR (Korean Register) has issued a Statement of Fact for the Vessel Performance Calculation Methodology developed by ShipWatch, an affiliated company of Navig8 and ADNOC L&S. KR’s technical review confirmed that the methodology aligns with the principles and performance-monitoring sequences established in the international standards ISO 15016:2015 and ISO 19030:2016. The Statement of Fact was ...
KR (Korean Register) has officially endorsed ShipWatch's Vessel Performance Calculation Methodology, confirming its alignment with international standards ISO 15016:2015 and ISO 19030:2016. This Statement of Fact was presented to ShipWatch during SMM 2026 in Hamburg, Germany. The methodology, utilized by ShipWatch across various fleets operated by Navig8, ADNOC L&S, and others, covers day-to-day operations such as real-time tracking, emissions reporting, and voyage optimization.
KR's technical review encompassed three key aspects: environmental data correction, performance indicator calculation, and the evaluation of changes in vessel performance. The review confirmed that the software adheres to the core performance-monitoring sequences established in ISO 19030:2016 and that its correction algorithms for environmental factors align with ISO 15016:2015.
Daeheon Kim, Executive Vice President of KR's R&D Division, emphasized the importance of reliable and standardized vessel performance data in the maritime industry's decarbonization and digitalization efforts.
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