RCS - Windward Ltd. - New Strategic Partnership with RightShip

WindwardAnnouncement

20/06/2024 07:00

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RNS Number : 1087T  Windward Ltd.  20 June 2024

20 June 2024 - RNS Reach

Windward Ltd.

("Windward", "the Company")

New Strategic Partnership with RightShip, expanding Windward's channel
presence

Windward's Maritime AI risk insights will be integrated with RightShip's ESG
and safety platform, enabling safe, compliant, and sustainable chartering
operations

Windward
(https://windward.ai/blog/high-sea-russian-oil-transfers-are-far-from-the-only-smuggling-method/)
(LSE: WNWD), a leading Maritime AI™ company, and RightShip
(https://rightship.com/) , the leading Environmental, Social and Governance
(ESG) focused digital maritime platform, are pleased to announce a partnership
to enable cross platform data sharing. The partnership will see Windward's
sanctions insights integrated into RightShip's platform and vetting workflow.

The partnership aims to address the growing challenges faced by the maritime
industry, including regulatory compliance
(https://www.gov.uk/government/publications/russia-sanctions-sales-of-oil-tankers-to-third-countries/russia-sanctions-sales-of-oil-tankers-to-third-countries)
, safety concerns related to the "dark fleet," and ESG pressures by providing
comprehensive visibility in both pre and post fixture operations.

This partnership represents further execution against the Group's growth
strategy by expanding Windward's market reach through new channels.

RightShip's customers will now have the option to access Windward's cutting
edge AI-powered insights, including all deceptive shipping practices such as
STS meetings, dark activities, and GNSS manipulation along with the existing
comprehensive ESG and safety data. Windward believes this will provide an
unparalleled solution for safe, compliant, and sustainable chartering
workflows.  Second and third lines of defence (teams that perform deeper
investigations beyond the initial vessel screening, and ongoing monitoring of
active contracts) will be able to use the Windward platform for deeper
investigations into vessels flagged during the screening process.
Additionally, Windward vessel reports will be available on demand in
RightShip's RightStore.

This integration enhances efficiency and risk assessment by offering
multi-source insights from both RightShip and Windward. Customers can access
tailored risk insights, including Windward's recently launched Organization
Defined Risk, via the RightShip platform for comprehensive pre-fixture
screening and post-fixture monitoring, ensuring the safe delivery of cargo.

Steen Brodsgaard Lund, Chief Executive Officer of RightShip, said:

"RightShip is committed to enhancing the safety and sustainability of the
maritime value chain and increasing transparency to empower our customers to
make informed decisions. Through our partnership with Windward, we aim to
enable users to navigate the maritime industry's growing complexities,
ensuring they remain compliant, minimise risks, and maintain confidence in
their trading activities."

Ami Daniel, Co-founder & CEO of Windward, said:

"We are excited about the synergies this partnership brings between Windward
and RightShip. By adding our advanced Maritime AI capabilities to RightShip's
comprehensive ESG data, we are empowering users to navigate the complexities
of maritime operations with clarity and confidence. Now, more than 900
RightShip customers will have an easier, frictionless, and data-driven way to
trade with confidence."

For more information, please contact:

 Windward                                             Via Alma
 Irit Singer, CMO

 Canaccord Genuity (Nominated Adviser & Broker)       +44(0)20 7523 8000
 Simon Bridges / Andrew Potts

 Alma Strategic Communications                        +44(0)20 3405 0205
 Caroline Forde / Kieran Breheny / Will Merison

 

About Windward

Windward (https://windward.ai/) (LSE:WNWD), is a leading Maritime AI™
company, providing an all-in-one platform to accelerate global trade.
Windward's AI-powered decision support and exception management platform
offers a 360° view of the maritime ecosystem and enables stakeholders to make
real time, predictive intelligence-driven decisions to achieve business and
operational readiness.

Windward's Maritime AI supports companies across industries. The company's
clients range from energy supermajors, shipowners, mining companies, freight
forwarders, and port authorities, to banks, insurers, and governmental
organizations.

For more information visit: (https://windward.ai/) https://windward.ai/
(https://windward.ai/) .

About RightShip

Established in 2001, RightShip is a leading global ESG focused digital
maritime platform, providing expertise in global safety, sustainability and
social responsibility practices. Founded with the mission to drive operational
improvements in the global shipping industry, more than 800 customers use
RightShip's due diligence, environmental and inspections services to help them
manage risk and improve overall maritime safety standards.

https://www.rightship.com/ (https://www.rightship.com/)

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