The Windward blog

Staying ahead of Myanmar sanctions
Maritime compliance

Staying ahead of Myanmar sanctions: The 48 vessels no one is looking at

On February 1st, Myanmar’s military seized power in a coup d’état. Following the military coup, the United States, EU, UK, and Canada announced targeted economic sanctions against the country’s military leaders and a handful of military-held companies. And the list of targets is bound to grow.   In this developing situation, behavioral vessel risk intelligence is…

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The early warning signs of an oil spill: the facts uncovered
Windward

The early warning signs of an oil spill: the facts uncovered

The oil spills that we are familiar with today and that have caught global attention were primarily due to major accidents involving refineries, pipelines, and storage facilities. But smaller-scale spills that occur as a result of ship-to-ship transfers are often overlooked. These events can have an equally significant impact on the entire marine ecosystem. In…

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GNS manipulation & the illusion of knowledge
Maritime innovation

GNS manipulation & the illusion of knowledge

The emergence of orchestrated manipulations & location tampering In April 2021, Windward uncovered the first known case of orchestrated Global Navigation System (GNS) manipulations off the Caribbean Islands. This discovery is a landmark moment in global maritime security, signaling that bad actors have now attained technologies and know-how enabling them to co-opt electronic warfare manipulations that up…

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[Webinar recap] Compliance agenda 2021 - Sanctions- Corporates in the spotlight
Executive education

[Webinar recap] Compliance agenda 2021 – Sanctions: Corporates in the spotlight

Deloitte has been running the Compliance Agenda for over eight years, leading the conversation on the most relevant areas of importance for corporations. This year, the disruption Covid-19 caused, the release of the OFAC and OFSI regulations, the change in U.S. government policies, and the rapid adoption of digitization solutions changed the risk landscape, led…

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Drawing the line on flag hopping
Windward

Drawing the line on flag hopping

With the OFAC advisory published in May 2020, flag hopping went from a lesser-known deceptive tactic mainly associated with illegal fishing to a core tenet of sanctions-related deceptive shipping practices. Defined only as “…repeatedly registering with new flag states to avoid detection,” flag hopping, unlike AIS manipulations or STS transfers, is left largely undefined and open…

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Best practices for mitigating risk along the customer journey
Maritime compliance

[Webinar recap] Best practices for mitigating risk along the customer journey

The financial industry has always been subject to regulations, and therefore, has always had to have systems in place to mitigate risk. Recent advisories from the U.S. and U.K. have set a new standard of expectations and increased the maritime sanctions risk financial institutions are exposed to. The expectations outlined by the OFAC and OFSI…

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The shipping industry faces expanded risks from the new U.S. Russia sanctions
Maritime compliance

The shipping industry faces expanded risks from the new U.S. Russia sanctions

On their face, the new U.S. sanctions look very targeted toward the Russian government. However, when we look closer at the measures, we see the wide-ranging risks they pose to the shipping industry and the sizable challenge maritime actors face to manage the new risk. The new sanctions come in three main prongs for the…

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All roads lead to maritime decarbonization
Maritime innovation

All roads lead to maritime decarbonization

Maritime decarbonization is a growing global concern and a key goal for the maritime ecosystem. With 90% of global trade shipping via sea, roughly 3% of global carbon dioxide emissions in 2012 were generated by the shipping industry. The goals set by IMO to reduce greenhouse gases have made decarbonization a true priority for the…

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Telltale signs a flag is going bad- An analysis of the Cameroonian flag fleet
Maritime security

Telltale signs a flag is going bad: An analysis of the Cameroonian flag fleet

Over the past few decades, flag registries have again and again hit the headlines and come under criticism, much of which has centered around the practice of flags of convenience, their susceptibility to abuse by illicit players, and insufficient flag state regulations and enforcement. There are valid economic reasons for flags of convenience, but while…

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[Webinar recap] Maritime risk: a multidimensional approach
Maritime compliance

[Webinar recap] Maritime risk: a multidimensional approach

It’s tempting to look at risk and view it as unavoidable, a force majeure if you will, yet unanticipated does not necessarily mean unavoidable or unmitigable. As the world enters this new age of pandemics, the way organizations operate is likely to change fundamentally. These new risks, alongside ever-evolving existing risks, require a change in…

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[Webinar recap] Enhancing sanctions-related maritime data- Regulatory expectations and practical implications for industries
Maritime compliance

[Webinar recap] Enhancing sanctions-related maritime data: Regulatory expectations and practical implications for industries

The U.S. and U.K. guidance documents released in 2020 identify the entire maritime ecosystem as stakeholders who must step up and “Monitor ships throughout the entire transaction lifecycle; Know Your Customer and counterparty; and exercise supply chain due diligence.”  While the regulators are shifting the burden of responsibility to encompass commercial organizations, the nuances of…

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Maritime security

On sanctions and oil spills

Another day another attempt to circumvent sanctions – this time with ship-to-ship deceptive shipping practices An Indonesian vessel recently picked up two tankers, the MT Freya and the MT Horse, in the middle of a ship-to-ship transfer. The reason? A likely attempt to pass Iranian oil to an unnamed customer in Asia.  Events like this…

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