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
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 formally presented to ShipWatch on September 2 during SMM 2026 in Hamburg, Germany.
ShipWatch is a voyage execution and performance monitoring platform used across fleets operated by Navig8, ADNOC L&S, and other owners and charters across multiple vessel segments. The platform supports day-to-day operations, including real-time vessel tracking, data validation, charter party compliance monitoring, emissions reporting, and voyage optimization.
KR's technical review focused on three primary areas of the ShipWatch methodology: environmental data correction, performance indicator calculation, and the evaluation of changes in vessel performance.
The assessment verified that the software adheres to the core performance-monitoring sequences established in ISO 19030:2016. Furthermore, its correction algorithms for environmental factors, including wind, waves, and seawater properties, were also found to align with the principles of ISO 15016:2015. KR further reviewed the methodology used to derive key performance indicators (KPIs), such as power deviation and speed loss, as
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