Idwal comes from over a hundred years of history and heritage in Cardiff, once the largest coal exporting port in Europe.
Our major shareholder and sponsor, Graig Shipping PLC, has been operating and innovating for a hundred years in shipping and have a rich history in ship owning, ship management and shipbuilding. It is from their founding member, Mr Idwal Williams, that the company takes its name.
In 2010, Idwal was founded by Graig to capitalise on a gap in the ship inspection market. Idwal identified early-on that the standards of marine surveying around the globe were inconsistent and that the industry lacked a single, reliable and credible service partner who was able to deliver a consistently high quality and easy-to-understand inspection report to the international shipping community.
With this, and the rapid emergence of digital technology and innovation across all industry's, Idwal set about developing and launching a new, and uniquely transparent inspection service, which gave instant access for clients to obtain a consistent quality inspection around the globe, for a competitive price and with consistently accurate and objective results.
The shipping industry's first cloud-based inspection platform was launched in 2016 alongside the first iteration of the Idwal Grade - the first numerical representation of a ship's condition to be fully delivered and accepted by the maritime industry.
The platform also provided instant quotations and quick access to easy-to-understand inspection reports and condition data for Condition, Pre-Purchase, and Pre-Charter inspection services.
Since then the Idwal Grade has evolved from the first standardised representation of a ship's condition to a 'gold standard' which is today trusted by banks, financial institutions, funds, shipowners, brokers, insurers, charterers and more.
Today, the Idwal Grade provides the only link between a ships condition and its market value and allows our clients to accurately benchmark the quality of their vessels against real-time industry data. Beyond this, we have continued to digitalise and innovate our inspection framework, ensuring that we continue to deliver a vessel assessment service which is based on clear, objective and consistent data and a report which removes the subjectivity and inconsistency which still exists in the wider inspection market.
Idwal operates completely independently, without any outside control or corporate influences and serves a blue-chip client base from across the global shipping community which is unrivalled by any of our competitors.
With a network of over 300 highly qualified marine surveyors, we cover almost every port in the world with our services supported by our operational and corporate offices in the UK, China, and Greece.
This is just the start. Our mission is to continue to bring ship inspections into the digital age with paramount efficiency and accuracy of data and to deliver the best possible inspection service and experience to our clients, to help them make smarter decisions.
Cardiff docks in the 1920's
“Inspections are about examining the minutia for clues; understanding causality and effect of complex technical issues and making critical judgements about the practical implications on assets based on the evidence at hand. We know what is important to both technical and non-technical stakeholders alike and through this online platform we are providing easy to interpret reports, alongside detailed technical evidence and critical counsel to help customers mitigate risk and further understand the assets.”
Idwal Chief Executive Officer - Nick Owens