The Windward blog

AIS switch off
Windward

From advisory to adoption: The AIS switch-off clause

On July 16, BIMCO released a new clause concerning AIS manipulation. Why? In 2020, OFAC issued an advisory stating that the shipping industry should develop provisions “in the form of an AIS ‘switch-off’ clause”. The intention was that it would help shipowners, charterers, and operators to block high-risk business. But it’s important to remember that…

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Djibouti flag
Windward

From Cameroon to Djibouti: 3 surefire ways to identify flag manipulations

How do you distinguish legitimate flag changes from deceptive flag changes? Malicious flag hopping is often well-concealed in a sea of legitimate flag changes. At Windward, we’re long familiar with bad actors’ habit of taking a standard shipping practice, manipulating it, and developing new methods to avoid detection. The end result is that deceptive shipping…

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360 risk
Windward

Safety, security, and compliance: evaluating risk from every angle

Risk impacts stakeholders across the maritime ecosystem differently depending on their organization, region, internal operations, and more. For the shipping industry, compliance is an obvious priority to manage. For government organizations, specifically for border protection, the need for sanctions monitoring may seem less relevant. This makes sense when considering the high stakes of global drug…

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The journey before the bust
Maritime security

The journey before the bust

On August 8th, Spanish joint forces of police and customs intercepted the general cargo ship NATALIA on suspicion of narcotics trafficking. The ship was en route from Lebanon via Iskenderun, Turkey to Lagos, Nigeria. Hidden on board was nearly 20 tons of hashish. We alerted our EU partners of this vessel’s behavior and high-risk patterns….

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Old vs new tankers risk blog
Maritime compliance

Vessel age and sanctions risk: The truth is out

In a recent TradeWinds article, Frontline’s interim CEO, Lars Barstad, reported that a quarter of older tankers are at high sanctions risk. To understand why, he explained the involvement of these 15-year-old tankers in carrying sanctioned Venezuelan or Iranian crude. According to VesselsValue, there are 368 tankers of at least 15 years old and 120,000…

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The facts behind the headlines: uncovering the full story with AI
Maritime compliance

The facts behind the headlines: uncovering the full story with AI

On August 3rd, news hit of the involvement of six tankers in a maritime incident in the Gulf of Oman. One of the tankers was hijacked. Tensions have been brewing in the Gulf throughout 2021. And this recent incident highlights the increasing threat in one of the world’s most important oil shipping routes. The six tankers…

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Windward Portal
Windward

The Windward Portal: overcoming compliance checks to boost business

Compliance is high-stakes. Any risk activity that goes undetected can implicate your business in sanctions and jeopardize business opportunities. In an increasingly complex regulatory environment, it’s no small feat to ensure compliance monitoring is up to standards. Windward’s new portal helps you maximize success without exposing your business to risk. Why is compliance such a…

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Not all dark activities are created equal: masterclass highlights
Maritime compliance

Not all dark activities are created equal: masterclass highlights

How does the duration of dark activity impact risk? Is an identity change risky on its own? These are some of the questions we tackle in our latest masterclass, Tanker Tricks and Deep Dark Activity.  Dror Salzman, an Intelligence Research Manager on Windward’s product team, says that context is crucial in detecting new typologies and…

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Measuring false positives
Maritime compliance

Measuring false positives and what they mean for your business

Financial institutions have very little room for error. Mistakes are costly, so a more risk-averse approach to transaction screening and compliance can seem like the better business decision. But traditional technologies trigger too many investigations – stunting growth and business. In this blog, we’ll explain how maritime AI can help diminish the number of false…

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container insights
Windward

Container monitoring: The risk headache for financial institutions

According to the US Government Accountability Office (GAO), the amount of illicit money laundered through international trade is on the rise. While financial institutions have picked up their efforts to manage this risk, document verification is still a challenge. Identifying fictitious documents and false invoicing to facilitate trade-based money laundering (TBML) is a complex task…

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Introducing company risk by Windward
Windward

Introducing company risk by Windward

Due diligence processes can be both timely and resource-intensive. Stakeholders need to accurately evaluate the potential costs and threats involved in a transaction or trade, but this can prove difficult without a comprehensive overview of the relevant risk factors. While some organizations may use vessel information or sanctions screening, it’s simply not enough to keep…

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The green effect: emission visibility as a competitive advantage
Executive education

The green effect: emission visibility as a competitive advantage

Decarbonization efforts have been trending in the news lately. But for industries like shipping, the attention is primarily on regulators. Why? Shipping and the stakeholders involved are global and out of scope for nation-by-nation policies. The IMO (international marine organization) has stepped in to try and provide a standard for the industry. However, waiting for…

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