Shady shipping exposed

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Shady shipping exposed

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This blog post is based on a review of global shipping for sanctions exposure. You can download the full review below.

Growing trade sanctions make it increasingly difficult for companies operating in the maritime ecosystem to know which vessels are safe for business. Vessels violating sanctions are constantly being added to sanctions lists. But there are many that have yet to be identified.

How can organizations evaluate their potential exposure and mitigate their risks?

Staying Ahead

By analyzing vessel behaviors for known operating patterns of sanctions evaders, organizations can proactively identify counterparties that may expose them to sanctions risk – before they are involved in sanctions evasion and/or are designated as parties subject to sanctions.

Analysis of the global fleet for sanctions risk over the past six months reveals some interesting insights:

  • There are twice as many vessels behaving suspiciously than those that are ‘officially’ considered high-risk and appear on various sanctions lists.
  • Iran (and the broader Gulf region) is the top location when it comes to vessels with suspicious activities.
  • Dark activity  i.e. ships concealing their location and operations by turning off their AIS transmissions,  is the most popular of the deceptive shipping practice described in recent U.S. (OFAC) and UN advisories

Area of Operations
Number of vessels with suspicious Behavior in sanctions risk areas – Windward Analysis

Staying Safe in a World of Sanctions

Knowing which ships are safe for business is not simple in this world of growing trade sanctions. Download the full review by filling out the form below.

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