Korean Register Validates ShipWatch Vessel Performance Calculation Methodology
Classification society Korean Register has issued a Statement of Fact verifying that the analytical framework used by maritime platform ShipWatch conforms to key ISO performance standards.
Korean Register has completed a technical evaluation verifying the vessel performance calculation methodology developed by maritime technology platform ShipWatch, issuing a formal Statement of Fact to the company.
The classification society's assessment confirmed that the analytical procedures and performance-monitoring sequences utilized by ShipWatch comply with the international benchmarks set out in ISO 15016:2015 and ISO 19030:2016.
ShipWatch functions as a digital voyage execution and operational monitoring platform. The system is deployed across fleets operated by affiliated companies Navig8 and ADNOC Logistics & Services, alongside external shipowners and charterers across multiple vessel sectors.
The digital platform is designed to manage day-to-day fleet operations, offering capabilities that include live vessel tracking, data validation, charter party compliance oversight, emissions reporting, and voyage optimisation.
The formal Statement of Fact was presented directly to ShipWatch upon the conclusion of the classification society's review.
Source attribution
No external source recorded for this article.
This article is an original editorial summary. It does not reproduce the source text. See our AI & content policy.
Related coverage
Beijing instructs top domestic producers to intensify exploration and upstream investment as geopolitical risks threaten overseas crude supply continuity.
3h ago
The British government is deliberating whether to proceed with the £8.7 billion Rosebank development west of Shetland as Brent crude remains above $100 per barrel.
3h ago
Disrupted flows from Russia and the Middle East alongside firm bunker demand have pushed high-sulphur fuel oil prices above feedstock crude in Asia.
2d ago
Growing geopolitical divisions and complex sanctions regimes are dictating the viability, financing, and insurance of global commodity transactions, according to law firm HFW.
3d ago
Media Coverage: Bloomberg covered Alkagesta’s agreement to acquire Energy Petrol on 22 October 2026. Acquisition details below are reproduced from Alkagesta’s announcement.
Markets4d ago
Regulation & Environment8d ago