The new capability, part of Windward's BI and Analytics
offering, allows users to customize queries and search for context
related to maritime behaviors, enabling an unprecedented level of
visibility, business intelligence, and insights into global
trade
LONDON, Jan. 17,
2024 /PRNewswire/ -- Windward (LSE: WNWD), the
leading Maritime AI™ company, announced today the launch of
'Sequence Search', a first-of-its-kind capability allowing users to
conduct advanced analysis of vessels' behavioral typologies and
trade movements by searching for sequences of activities. The new
tool is part of Windward's advanced BI & Analytics offering,
providing all global trade stakeholders ranging from traders and
shipping analysts to governmental organizations with much-needed
context for due diligence, enriched intelligence, and lead
generation.
Global trade has become increasingly difficult to navigate in
the past years, particularly with oil and commodities. Geopolitical
events have led to an increase in sanctions on a variety of goods
and actors, and subsequently an increase in deceptive shipping
practices to evade those sanctions. A new phenomenon that emerged,
especially with regard to Russian sanctions is the use of a "dark
fleet" which uses ship-to-ship (STS) transfers as a means of
disguising its origin to transport sanctioned commodities including
oil and oil products. In the 12th package of sanctions passed in
December 2023 by the EU, compliance
rules for the purchase of Russian oil via the G7 price mechanism
have been tightened in order to clamp down on sanctions
evasion.
At the same time, events like the indiscriminate attacks in the
Red Sea by Iranian-backed Houthi rebels have led legitimate vessels
to turn off AIS transmissions and deviate from their normal routes,
traditionally an indication of deceptive shipping practices, to
hide legitimate activities from bad actors. As such, it is
increasingly important for stakeholders to understand the context
of the behavior of vessels at sea to minimize and mitigate
risk.
Windward's new tool provides the context necessary to understand
vessel behavior and conduct business with confidence in a
challenging trade environment. The new Sequence Search enriches
users' capabilities in the domains of maritime analytics and vessel
behavior profiling. The capability builds on the proprietary data
encapsulated in Windward's AI-driven vessels activities- a unique
database built with 10 years of historical data of vessel
actions at sea & port. Rather than searching for standalone
activity, the new capability allows Windward's users to search for
sequences of up to six different activities in one search,
enhancing our unique behavioral profiles and offering customized
queries with sequential conditions between activities for increased
context.
"The Red Sea situation is another reminder of the fact that in
turbulent times, the players equipped with AI and technology are
those able to react faster and better and drive better
outcomes. This new capability is a game changer for anyone
looking to upgrade their ability to understand the complexities of
global trade with best-in-class AI," said Ami Daniel, Co-founder & CEO of
Windward.
"In times of changing trade flows, immediate insight is key to
making the right decisions. This new platform enables our customers
to translate their domain knowledge, internal processes, and
insight into an actionable, immediate query. The result is nothing
short of a competitive advantage to the users of our platform."
Windward's Maritime AI platform is powered by advanced machine
learning and behavioral analytics models, providing customers with
insights into vessel behaviors, ownership structures, and company
risks, and predicting in real-time which companies and vessels are
likely to be high risk. The company's behavioral models and risk
indicators are constantly updated in line with new regulations and
behavioral patterns, ensuring that customers are always one step
ahead. Windward's solutions enable companies across the maritime
trade industry to streamline business operations.
About Windward
Windward (LSE:WNWD), is the leading Maritime AI™
company, providing an all-in-one platform to accelerate global
trade. Windward's AI-powered decision support and exception
management platform offers a 360° view of the maritime ecosystem
and enables stakeholders to make real time, predictive
intelligence-driven decisions to achieve business and operational
readiness.
Windward's Maritime AI supports companies across industries. The
company's clients range from oil supermajors, freight forwarders,
and port authorities, to banks, shippers, insurers, and
governmental organizations.
For more information visit: https://windward.ai/.
Media Contact
David
Hoffman
Headline Media
david@headline.media
+972-52-842-1955
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SOURCE Windward