The Windward Blog

Get the latest Maritime AI insights and trends from our team experts

Financial crime risks
Maritime compliance

Are you doing enough? The FCA isn’t happy with banks’ financial crime controls

In September, the FCA published a ‘Dear CEO’ letter to banks, with a strong and undeniably clear message of the gap in managing financial crime risks. According to the letter, “assessments of individual firms have highlighted several significant issues relating to both credit risk analysis and financial crime controls.” The letter, while blunt, comes as…

Read more
Greening trade finance
Windward

Greening trade finance with the right data

Unlike shipowners or charterers, banks are far removed players from data on shipping emissions. And yet, as the financing entities, they are major stakeholders in a greener future. According the latest UN climate report, unless immediate, rapid, and large-scale action is taken to reduce emissions, the average global temperature is likely to reach or cross…

Read more
Carbon optimization
Windward

Getting to the bottom of the carbon optimization problem

In today’s digital age, visibility is everything. The sharing economy is a perfect example. Rather than hailing a cab, we can instantly order a ride of our choice. We can see the type of car, the driver, the ETA, the driver’s rating, and so much more. This visibility has made travel more comfortable, more efficient,…

Read more
A tech talk with Benny Keinan
Windward

A tech talk with Benny Keinan: The full scoop on decarbonization

There are a lot of solutions out there that aim to help players across the maritime ecosystem measure and monitor emissions. But there is still a gap when it comes to data accessibility and visibility – both which are critical to drive real change. We sat down with our very own Benny Keinan, VP of…

Read more
Decoding decarbonization
Windward

Decoding decarbonization: Inside our environmental eBook

With consumer pressure and activism growing, industry leaders are in a perfect position to re-strategize and build for the future. Our latest eBook, “Managing Environmental Risk and Making Sustainability Work for Your Business,” explores how stakeholders can navigate the challenges the industry is facing, while maximizing their decarbonization strategy. It includes insights on why industry-wide…

Read more
Data for decarbonization program
Windward

Introducing Windward’s Data for Decarbonization Program

World trade is nearly 32 times greater now than it was in 1950. Today, $14 trillion is spent each year on transportation globally – over 90% of which is by sea. And while there has been incredible innovation in the global transportation of goods, there is still a gap in how technology is used to make maritime trade more…

Read more
Windward newsletter

Everything you need to know about maritime AI direct to your inbox

By clicking submit, you consent to allow Windward to store and process the personal information submitted to provide you the content requested in accordance with our privacy policy.

Vessel identity laundering
Maritime compliance

What is vessel identity laundering and why does it matter?

The May 2020 advisory demanded a higher level of due diligence, and the market reacted by onboarding more advanced systems. Nevertheless, the counteraction by bad actors was fast and more sophisticated than expected. With advanced deceptive tactics on the rise, stakes are higher than ever. One of the latest tactics trending in the news is vessel identity…

Read more
Deceptive practices
Maritime compliance

The hide and seek game of sanctioned tankers

The resignation of Lebanon’s president and his government have thrown the country into a political crisis. On August 26th, news reported that Iran would ship more fuel to Lebanon and said more vessels carrying Iranian fuel would sail soon. An Iranian sanctioned tanker, the FAXON, which recently operated in Venezuela, is, according to some reports,…

Read more
Ultimate beneficial owner
Maritime compliance

A complex compliance task: Mitigating UBO risk in the Gulf region

UBOs (ultimate beneficial owners) are often difficult to identify as they can misuse ownership structures to conceal their identities. Investigating ultimate beneficial ownership in the Gulf region is particularly challenging. According to the Financial Action Task Force, the United Arab Emirates (UAE) has 39 different company registries. Many of these exist to help promote economic…

Read more
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…

Read more
Djibouti flag
Windward

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

The Djibouti flag is the latest target for bad actors. We looked at our data and the numbers tell the whole story. But first, how do you even 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…

Read more
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…

Read more
< PrevNext >