The Windward blog

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 compliance

Palau, Mongolia and Taiwan in the Dock

Last week, the U.S. Treasury designated a Taiwanese shipping network engaged in Ship-to-Ship (STS) transfers with North Korean vessels. They were smuggling fuel into the DPRK. The designations applied to two Taiwanese individuals and three shipping companies; the U.S. also identified the vessel Shang Yuan Bao as blocked property for two incidents of dark STS…

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Executive education

WEBINAR: Shipping in the Crosshairs

When it comes to maritime sanctions, “the entire ecosystem has to understand where the risks lie”. That’s the view of Juan Zarate, Chairman and Co-Founder of the Financial Integrity Network (FIN). “What you’ve had in the post 9/11 environment,” says the former Assistant Secretary of the Treasury for Terrorist Financing and Financial Crimes, “is a…

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Windward

My Journey from AISLive to Windward

I’ve always been an enthusiast of how technology and data can be used to solve complex problems. In the last few years I’ve been focused on applying that to global trade, and particularly maritime.   My more than 25 years in shipping has given me the opportunity to do a range of projects across owners, brokers…

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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 security

Hidden in Plain Sight: Fishing Boats as Links in Illicit Supply Chains

Millions of fishing vessels ply the world’s waters. In the global maritime ecosystem, they are like ants: myriad, ceaselessly industrious, and mostly unnoticed. The vast majority are hardworking and law-abiding. But fishing vessels are also perhaps the most underestimated carriers of transnational crime, key links in the invisible supply chains of the world’s illicit commerce. …

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Maritime compliance

When it Comes to Sanctions, Grey is the New Normal

This is part 4 of the Sanctions Series, for more insights, read part 1, part 2 and part3. Maritime compliance used to be dull. Stakeholders did it, perhaps begrudgingly. But it wasn’t a core process. That’s now changed. New advisories from the U.S. Treasury’s Office of Foreign Assets Control (OFAC) make it clear that doing…

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Grace 1
Maritime compliance

The Multinational Story Behind the Grace1

This is part 3 of the Sanctions Series, for more insights, read part 1 and part 2 and part 4. Panamanian flag, Singaporean manager, Iranian oil: six words and three countries that tell the multinational story of the Grace 1, the oil tanker detained in Gibraltar by the UK earlier this week for violating EU…

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Maritime innovation

Looking Beyond AIS

Countries, financial institutions, and maritime insurers rely on the Automatic Identification System (AIS) to maintain awareness of vessel traffic so they can preserve proper use of the maritime corridors and reduce illicit activities that harm the global community. But AIS represents only a fraction of the total radio frequency (RF) energy generated by vessels. AIS…

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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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Maritime compliance

The Pacific Bravo, Iranian oil and the 14 Other Vessels Doing the Same

This is the story of the Pacific Bravo. You know – the 18-year old, Liberian-flagged VLCC oil tanker reportedly carrying Iranian oil, in breach of U.S. sanctions. It was said to be bound for Hong Kong, but is now sailing due southeast off the west coast of Indonesia. It’s caused a bit of a stir…

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Data science
Maritime innovation

Unlocking the Full Value of Maritime Data Science

After a slow start in a notoriously conservative industry, the speed of adoption of data science and data-driven decision making has accelerated in the maritime industry over the past couple of years. Indeed, when it comes to the availability and analysis of global spatial data, the industry is arguably far ahead of land-based freight transportation….

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