Sea/, the independent software platform for trading ships initially developed by Clarksons, has partnered with Israeli predictive Intelligence company Windward to deliver a solution aimed at increasing the efficiency of pre-fixture negotiations.
The system aims to streamline compliance and due diligence processes by allowing users to view a vessel’s risk score and be able to pursue only ships that meet their specific sanctions requirements.
The risk scores are calculated by Windward's AI monitoring of deceptive shipping practices like dark activity, identity tampering, loitering, and meeting and port calls.
The solution becomes part of the Sea/trade negotiation and fixture management tool with the Sea/ platform for collaborative dealing between charterers, brokers and owners.
The Sea/ platform, which is ring-fenced from Clarksons' day-to-day shipbroking operations, was launched by the shipbroking giant in 2019 through subsidiary Maritech Services.
Last year the company said Sea/, which describes itself as the world’s first end-to-end digital shipping platform, was used by 4,500 firms across 10 markets, including the likes of Cargill, Glencore, Vitol, Total, Mercuria and Norden.
Development of the platform was inspired by the needs of Clarksons' diverse clientele, according to Jeff Woyda, the group's chief financial officer and chief operating officer, who told TradeWinds in 2020: "Whatever type of vessel, whatever type of trade you're doing, you fundamentally would like to aggregate all of them and see everything in one place."
Alex Gray, head of commercial partnerships at Sea/ said the integration of Windward's AI platform "will empower our clients with further data and insight to assist them in their chartering decisions".
