Lloyd’s List Intelligence unveils AI risk analysis platform

Lloyd's List Intelligence has teamed up with data analytics specialists SAS to develop an AI 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 predictive analytics and machine learning rules out time-consuming false positives by factoring in multiple layers of live and historical vessel behavior from Lloyd’s List Intelligence’s vessel movements data.

“Our collaboration with SAS has pushed our analytical capabilities into another realm . 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.” – Michael Dell, president of Lloyd’s List Intelligence.

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.