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Lloyd’s List Intelligence unveils AI risk analysis platform

Analytics expert SAS has teamed up with Lloyd’s List Intelligence to develop industry-leading compliance risk software

Advanced predictive analytics and artificial intelligence software have augmented vessel movements monitoring to create a next-generation compliance tool that can alert users to deceptive shipping behaviours and flag ‘dark’ operations

LLOYD’S LIST Intelligence has teamed up with data analytics specialists SAS to develop a pioneering new artificial intelligence platform that interprets and understands complex vessel movements automatically to detect compliance risk.

Seasearcher Advanced Risk and Compliance identifies probable illicit activities including ‘dark’ port calls, ship-to-ship transfers and suspicious loitering, using AI software to differentiate between normal, abnormal, and dark vessel movements.

The use of advanced predictive analytics and machine learning rules out time consuming false positives by factoring in multiple layers of live and historical vessel behaviour from Lloyd’s List Intelligence’s vessel movements data.

“Our collaboration with SAS has pushed our analytical capabilities into another realm,” said Michael Dell, president of Lloyd’s List Intelligence. “We are now providing our customers with a new level of risk detection and assessment that resets the bar for maritime intelligence and drives transparency in the industry.”

The data models, which have been developed in collaboration with leading experts from shipping, commodities, finance, legal and insurance companies, will help compliance teams and aid cross-industry evaluation of deceptive shipping practices.

“The new solution we have developed with Lloyd’s List Intelligence applies some of our most advanced predictive analytics to create a level of insight around vessel behaviours not previously possible,” said Bert Boers, regional vice-president of southwest Europe sales at SAS.

“The critical and fast-changing nature of shipping demands that we employ the best analytical modelling with the best maritime data to produce a new depth of insight that allows professionals to make swift, accurate and confident decisions around risk and compliance.”

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