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International Cooperation Department
Tel.: (+86-21) 65853850-8034
Fax: (+86-21) 65373125
E-mail: ICDept@sisi-smu.org
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International Shipping |
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| Windward unveils software to analyse global shipping movements |
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Date:2018-05-02 Readers:
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ISRAELI startup Windward has designed software that analyses global shipping movements and
builds machine learning and predictive models for governments, marine
insurance companies and other companies to track vessels at sea.
Marine insurance companies can use the
software to help predict the probability of accidents and governments
can use it to check for illegal activity such as breaking sanctions. If,
for example, a ship's activities are unusual "turning off its radar or
visiting an at-risk port" it will be flagged, reported The Times of
Israel online.
The company is already supplying "top end customers in Europe and other
places," said co-founder and CEO Ami Daniel. Lord John Browne of
Madingley is said to be an investor in the firm and has joined its board
of directors.
"Bringing Mr Browne on board as both an investor and adviser is
testament of the aspiration of what we believe we can be, and the humble
recognition of how hard it will be, so we want to make sure we have the
top people in the world to guide us and save us from mistakes," said Mr
Daniel.
The startup was set up in 2010 and has raised to date US$22.4 million
from investors including Aleph, Horizons Ventures, the former CIA
director Petraeus and Reuter's Glocer.
http://www.shippingazette.com/menu.asp?encode=eng
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