Nautical Term: KPI
Definition of KPI
Key Performance Indicator (KPI) refers to a specific metric used to measure and evaluate the performance of a particular activity, process, or overall organization in the maritime industry.
For example, a shipping company may use KPIs such as the number of containers loaded per vessel per day, or the average transit time for containers between the port of origin and the port of destination. These KPIs can help the shipping company to monitor and improve its operational efficiency and overall performance in the competitive maritime industry.
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