Maritime safety

Maritime safety

AIS spoofing: new technologies for new threats

The global landscape is continually shifting, and with it, the reliance on best in class technological innovations.  Businesses and organizations that want to protect their assets and operations need to ensure that they utilize the most advanced technological innovations to do so while driving efficiencies, and staying ahead of new evasion tactics, such as AIS…

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Maritime safety

From Beirut to Mauritius

Two ships made front-page news this week, possibly in the worst of circumstances. One perilous vessel carried a dangerous cargo of ammonia nitrate into Beirut port, eventually leading to devastating consequences,  scarring a city for decades to come. The other failed to navigate the waters of the Indian Ocean and was grounded in Mauritius, resulting…

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Maritime safety

A world without safety inspections 

The implications of COVID-19 are reverberating across the globe, impacting every aspect of daily life, including, surprisingly, maritime safety. Among the many impacts of COVID-19 on shipping is a significant reduction in physical safety inspections of ships. Port State Control authorities are only checking high-risk vessels, tankers are missing SIRE inspections, and other surveys are…

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Maritime safety

Shipping in a time of coronavirus

Windward will be hosting “Protecting Maritime Borders From COVID-19” – a free Webinar – on March 24 at 2pm London time. To join, register here. The coronavirus pandemic is having a negative impact on global shipping demand. The speed with which the virus has spread makes it difficult to assess the full consequences. Nevertheless, we…

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Maritime safety

COVID-19: Stay safe and keep shipping

The fight to stop coronavirus spreading is a global one. While attention initially focused on airports, it’s now turning to the world’s other main entrypoint: ports. How can technology assist governments to clear trade as quickly and efficiently as possible? Around 90% of world trade is transported by sea. Unlike air traffic, nations can’t simply…

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Maritime safety

Coronavirus vs New Year’s: Why Chinese port calls have slumped

As the human toll of the coronavirus continues to climb, the economic impact is becoming clearer. Global supply chains for everything from cars to iPhones are under strain. People are travelling less. Trade is hurting, reducing demand for oil and shipping, and pushing down prices. In short, the global economy is being disrupted, nowhere more…

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Maritime safety

Moneyball for Underwriters

In the film Moneyball, Peter Brand, the data savant played by Jonah Hill, says of one baseball player: “Nobody in the big leagues cares about him, because he looks funny.” The point: he’s been overlooked given the traditional interpretation of what makes someone valuable. Brand spies an opportunity to exploit the oversight by factoring in…

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Maritime safety

The Evolution of Marine Underwriting

Ask any underwriter why the Hull & Machinery market has underperformed for so long and you’re bound to receive a variety of responses. Attritional machinery damage claims, spike losses such as the Star Centurion, and increased competition brought on by Solvency II are all often cited. However, when asked for the main contributing factor there’s…

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Maritime safety

Sacrificing Safety for Security in the Gulf

Iran nabbing tankers in the Gulf. Vessels changing flags to avoid being targeted. Western powers deploying warships to protect them. This was the scene in the late 1980s, in what became known as the Tanker War. While there’s no brutal Iran-Iraq conflict as a backdrop this time around, there are some worrying similarities.  The latest…

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Maritime safety

Frequent Exposure: Gulf Maritime Safety

In the early hours of June 13, the tankers FRONT ALTAIR and KOKUKA COURAGEOUS, were damaged while exiting the Gulf via the Strait of Hormuz. The United States said it was sabotage, the result of a deliberately planned attack by Iran, because of U.S. sanctions (Washington also blamed Tehran for the previous month’s attack on…

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Fast Yacht
Maritime safety

Faster Underwriting

In a recent survey, 75% of marine underwriters said if they had immediate access to all the data they needed they would make faster decisions. That’s almost double the number that would choose to investigate risks more or invest more in broker relationships. Why such need for speed? To answer that question let’s take a…

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No Silver Bullet
Maritime safety

No Such Thing as a Silver Bullet

Here’s a question you don’t get asked every day: what have werewolves and the Lloyd’s marine insurance combined ratio got in common? Well, aside from both being the stuff of nightmares, legend has it they can each be brought down by a silver bullet. While we can’t speak for werewolves, we don’t believe there is…

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