June 4, 2026
Iranian Exports Collapse as Enforcement Pressure Widens
2022 Windward’s Maritime Risk Summary
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Why Behavioral Intelligence Now Defines Subsea Cable Protection
At a Glance From Monitoring to Prevention For most of the past decade, cable protection meant monitoring. Operators watched the screen, generated alerts when a vessel of concern appeared near a cable, and responded after the fact when damage occurred. The threat landscape has shifted in ways that existing tools and protocols were not designed...
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Who Is Really Responsible for Protecting Subsea Cables?
At a Glance A Responsibility Operators Did Not Choose Subsea cables now carry more than 95% of intercontinental data. They underpin the global financial system, the commercial cloud, defense and intelligence communications, and the AI infrastructure being built out at an unprecedented pace. Their importance is recognized, but their protection is not equally structured. Commercial...
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Monitoring a Fleet You Can’t Find: The Marine Insurance Challenge in a Dark-Activity Era
At a Glance The Claims Environment Forced the Conversation The Francis Scott Key Bridge collapse did more than produce a market-defining loss. Howden Re’s revised assessment puts insured losses above $2.8 billion, cementing Baltimore as the largest marine insurance loss on record, surpassing the circa $1.6 billion Costa Concordia benchmark from 2012. The revised figure...
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The EU’s 20th Sanctions Package and What It Means for Maritime Operators
On April 23, 2026, the EU adopted its 20th sanctions package against Russia, adding 46 vessels to the shadow fleet list, cutting off 20 more Russian banks, and putting the legal basis for a full maritime services ban in place, though activation remains contingent on G7 coordination that has yet to materialize. It is the...
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Q1 2026 Risk Report: Shipping’s Most Turbulent Quarter in 50 Years
At a Glance A Quarter Defined by Geopolitical Shock On February 28, the Iran war effectively closed the Strait of Hormuz. Within days, daily traffic through the world’s most critical oil chokepoint collapsed from roughly 120 vessels to a trickle — a 97% drop that left more than 800 ships stranded west of the strait,...
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