Windward’s Predictive Intelligence Platform will provide advanced AI to the Sierra Leone Flag Registry to improve screening processes of the fleets of existing and incoming registrants
LONDON, May 25, 2022 /PRNewswire/ — Windward (LSE: WNWD), the leading Maritime AI company, announced today that it has partnered with the Sierra Leone Maritime Administration (SLMARAD), an open registry which operates and governs the Sierra Leone flag registry. SLMARAD will use Windward’s AI-powered platform to screen all existing and incoming vessels in its registry, allowing the administration to maintain a high quality of registrants and ensure the safety of life at sea and protection of the marine environment.
Any vessel with over 100 gross tonnage needs to register under a flag, which grants the vessel the physical and legal protection of that flag/flag state. Flag registries with a poor rating can be classified as high risk, discouraging new vessels from sailing under that flag and other stakeholders from conducting business with vessels under that flag. Flag registries therefore need to create and maintain a good reputation to conduct business with confidence.
SLMARAD will use Windward’s system to investigate both new and existing vessels in its fleet to determine which vessels are engaging in illicit behavior including illegal fishing, sanctions busting, and drug smuggling, amongst others. The AI-powered platform will optimize SLMARAD’s registration process with enhanced due-diligence procedures, ensuring that incoming vessels are safe to conduct business with. The platform will also be used to streamline the yearly re-application process for existing vessels and ensure that vessels currently sailing under the Sierra Leone flag do not conduct any deceptive shipping practices.
“We are thrilled to be partnering with Windward, the leading Maritime AI solution in the industry,” said Marianna Fournari, General Manager of SLMARAD. “Prior to using Windward’s platform we could only monitor vessels with AIS data. The platform allows us not only to investigate the vessels in our registry with ease but gives us an extra layer of insights into vessel behavior that only advanced AI and over a decade of maritime expertise can provide.”
Windward’s Maritime AI solution is powered by advanced machine learning and behavioral analytics models, empowering its clients across the finance, shipping, energy sectors, and beyond to optimize business practices and efficiently navigate all aspects of maritime risk in real-time.
“We are excited to work with the Sierra Leone flag registry to improve its screening processes and reputation in the global trade community,” said Ami Daniel, Co-Founder and CEO of Windward. “The AfCFTA agreement has increased the economic potential of Africa in maritime trade, and ensuring the safety and reputation of vessels sailing under African flags is essential to conduct trade on a global scale.”
Windward (LSE: WNWD), a publicly traded company on the London Stock Exchange, is the leading Maritime AI™ company, enabling organizations to achieve business and operational readiness. Windward’s AI-powered solution allows stakeholders including banks, commodity traders, insurers, and major energy and shipping companies to make real time, predictive intelligence-driven decisions, providing a 360° view of the maritime ecosystem and its broader impact on safety, security, finance, business, and the supply chain. For more information visit: https://windward.ai/.