Introductory Questions

What is RISK4SEA?

RISK4SEA is an online platform to provide PSC performance transparency to the market by analysing PSC Data providing KPI, Demographics, Detentions Analytics, reports, Benchmarks and Insights for 23 ship type groups in an advanced analysis of the last 5 years to assist stakeholders to :

  • PREPARE for forthcoming PSC inspections
  • ANALYSE PSC performance to identify strengths & weaknesses
  • BENCHMARK fleets against competition and the industry
How many ship types are available in the platform?

There are 23 ship types and special bundles covered in the advanced data analytics :

  • Dry Bulk (4) : Handysize, Handymax, Panamax, Cape
  • Tankers (5) : Product, Panamax, Aframax, Suezmax. VLCC
  • Containers (3) : Small, Medium/Large, Ultra Large
  • Other Types (7) : LNG/Gas Carriers, LPG carrier, General Cargo, Vehicle Carrier, Ro Pax, Offshore, Other
  • Special Bundles (4) : All Dry Bulk, All Tankers, All Containers, All Ships
What is a ship bundle and why are they used?

A ship bundle is a set of ship types that is being used for grouping purposes. The following four (4) ship type bundles are being used in the system

  • All Dry Bulk (comprised of 4 ship types)
  • All Tankers (comprised of 5 ship types)
  • All Containers (comprised of 3 ship types)
  • All Ships (comprised of 19 ship types)
What are the KPIs used in the system?

The following KPIs are being used in the system:
CIR: Clean Inspection Rate (%)
DER: Detention Rate (%)
DIR: Deficiency Inspection Rate (%)
DPD: Deficiencies Per Detention (Number)
DPI: Deficiency per Inspection (Number)
FDR: Five Deficiencies Rate (%)
OBP: Overall Benchmarking Performance

Can you outline the methodology used for the R4S Model?

YES, we have a relevant paper available by clicking on the methodology tab

Data related Questions

Where are you finding the data that are inputs to the system?

RISK4SEA is using a team of analysts and third-party vendors and experts to collect, evaluate and validate data used in the model. As a raw input the model uses PSC Data (Inspections and Detentions along with the accompanying details of each inspection) that are assigned to Port, Country, Manager, Class, Flag and P&I details for each entity and inspection. RISK4SEA provides and in depth analysis of the data used at the Demographics menu among other reports.

What is your record keeping limit?

Five Years for the analytics in the platform, reaching to ten years in some instances in our files for backup and verification purposes.

Do you have data on ALL ships afloat and ALL ship managers across the globe?

To set things straight the answer is NO. The reason is that we are not interested in ALL ship types and therefore ALL managers. We have a specific interest in the wider Ocen Going Dry Bulk, Tanker and Container fleet plus some other specific types and our key interest is for ships above a small tonnage, not above the 25 years of age.

Do you have data for ALL detentions across the globe every year?

YES. We have all these data available as otherwise any statistics used will be out of date.

What sort of data do you have available for every ship inspection?

For every ship inspection we have data concerning, ship, inspection date, port, and findings including all corresponding data out of these.

What sort of data do you have available for each ship?

For each ship we have data of ALL ship particulars including manager, class, flag and P&I.

What sort of data do you have available for every ship manager?

We have data concerning the base location, contact details, historical data and fleet managed.

Performance Analytics Questions

What are the KPIs that you are using?
The following KPIs are being used:

DPI: Deficiency per Inspection (Value, Number)
Definition : Average number of deficiencies per inspection.
Performance : The smaller the figure indicates better performance

DER: Detention Rate (%)
Definition : Percentage of detentions per 100 inspections.
Performance : The smaller the figure indicates better performance

DIR: Deficiency Inspection Rate (%)
Definition : Percentage of inspections ending with deficiencies per 100 inspections.
Performance : The smaller the figure the better the performance

CIR: Clean Inspection Rate (%)
Definition : Percentage of inspections ending with NO deficiencies per 100 inspections.
Performance : The larger the figure indicates better performance

FDR: Five Deficiencies Rate (%)
Definition : Percentage of inspections with 5 or more deficiencies per 100 inspections
Performance : The smaller the figure indicates  better performance

DPD : Deficiencies Per Detention (Value, Number)
Definition : Average number of deficiencies per inspection that ended with a detention.
Performance : The smaller the figure indicates a stricter, more challenging inspection

What is the model that you use to provide performance benchmarks?

You may find more details on the input and output of the model along with details on the methodology used at the Methodology tab at the top menu of the website.

Can I benchmark ships and under what conditions?

NO, this option is not provided. In theory you may benchmark ships of similar type and age group provided they have more than three (3) inspections on any requested time interval. However, we feel that this is of no value to the user and it is not adding to the platform objectives, therefore this option is not available.

Can I benchmark ship managers and under what conditions?

YES, you may benchmark ship managers, no conditions are being attached. However due caution should be exercised as these managers may operate different fleet profiles and/or having a totally different trade track record.

Can I benchmark ports and under what conditions?

YES, you may benchmark ports, no conditions are being attached. However, due caution should be exercised as these ports may have a totally different fleet profile inspected and/or a having a substantial different in inspection data.

Can I benchmark countries and under what conditions?

YES, you may benchmark Countries, no conditions are being attached. However, due caution should be exercised as these countries may have a totally different fleet profile inspected and/or a having a substantial different in inspection data.

Can I benchmark other stakeholders and under what conditions?

YES, you may benchmark any stakeholder with another stakeholder of the same type. However, due caution should be exercised as these stakeholders may have a totally different fleet profile inspected and/or a having a substantial different in inspection data.

Client Service and User Experience Questions

Do you provide a demo in case I am interested?

YES, you may use the relevant form provided at the top menu of the website.

Do you provide a free trial and under what conditions?

YES, we provide a free trial, provided that we are successfully completing a demo of the platform.

As a manager why is this service useful? How can I use it?

A manager may use the service to

  • ANALYSE PSC performance to identify strengths & weaknesses
  • PREPARE for forthcoming PSC inspections by identifying trends in future ports of call
  • BENCHMARK fleets against competition and the industry
As a Port Authority why is this service useful? How can I use it?

A Port Authority you may use the service to

  • ANALYSE PSC performance to identify strengths & weaknesses
  • BENCHMARK your performance against competition and the industry
As an industry insider why is this service useful? How can I use it?

As  an industry insider you may have NO interest in the service unless you have a specific interest to:

  • ANALYSE PSC performance of a fleet, port country, stakeholder etc.
  • BENCHMARK fleets against competition and the industry to have your conclusions