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Lloyd's List Intelligence, the trusted expert providing actionable insight into the global maritime industry for 300 years, introduces a new industry standard for maritime intelligence through its partnership with artificial intelligence industry leader SAS

LONDON, July 5, 2021, /PRNewswire=KYODO JBN/--

Lloyd's List Intelligence, provider of transparent data, analysis, and

actionable insight for professionals connected to maritime trade, has teamed up

with analytics powerhouse SAS, a leader in artificial intelligence (AI), data

mining, modelling and forecasting. Together, they have developed a new level of

data-driven maritime insight for analysing vessels, movements and fleets using

managed analytics. This pioneering new application of artificial intelligence

allows Lloyd's List Intelligence customers to interpret and understand complex

vessel movements and behaviours in ways that were not possible before.

"Our collaboration with SAS has pushed our analytical capabilities into another

realm," says 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."

Lloyd's List Intelligence 'Seasearcher Advanced Risk and Compliance' is the

first service to benefit from this partnership, to be introduced to the market

from late June.

Increasingly, organisations need to upgrade their ability to identify deceptive

shipping practices, understand greater context around the level and type of

risk, and take swift action to avoid fines, sanctions and reputational damage.

"As illicit activities climb and compliance requirements increase, there is a

need for more immediate, accurate decisioning to detect and mitigate potential

risks," says Matt Bidwell, Head of Product Management at Lloyd's List

Intelligence. "By leveraging powerful 'big data' and machine learning

capabilities from SAS, we've augmented the wealth of Lloyd's List

Intelligence's historical and detailed data – tens of billions of data points

–- with AI, to create an enhanced level of insight. During its development, we

consulted with practicing risk and compliance professionals to ensure that our

new service addresses their needs for greater support in solving some of the

most difficult and complex problems associated with risk assessment."

The new solution, Seasearcher Advanced Risk and Compliance, highlights risk

around probable illicit activities in one complete view that is not available

elsewhere, generating the most accurate and detailed analytics and risk

ratings. By factoring in many different layers of live and historical vessel

behaviour, the use of AI creates greater context around normal, abnormal, and

dark vessel movements. This brings a new level of insight and support for the

decisions that risk and compliance professionals need to make. Seasearcher

Advanced Risk and Compliance detects probable deceptive shipping practices such

as:

- Dark port calls

- Dark STS transfers (one- and two-way)

- Abnormal movements such as loitering

Additionally, there is enhanced context around AIS gaps, ruling out more false

positives.

Based on data models approved by experts in the shipping, commodities, finance,

insurance, and legal professions, and using one common language and

methodology, Seasearcher Advanced Risk and Compliance introduces a new and

efficient means for cross-industry evaluation and onward communication of

maritime compliance risk.

"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."

For more information about Seasearcher Advanced Risk and Compliance:  

https://www.lloydslistintelligence.com/services/data-and-analytics/advanced-risk-and-compliance

About Lloyd's List Intelligence

As the trusted expert partner for 300 years, Lloyd's List Intelligence enables

60,000 professionals connected to maritime trade to act on the truth with

transparent data and analytics, validated analysis and actionable insight,

delivered through their data and analytics services, news and commentary,

reports and publications, and expert advice. Lloyd's List Intelligence is a

part of Informa PLC, a leading international intelligence, events and scholarly

research group with a FTSE 100 listing and a presence in over 30 countries.

About SAS [http://www.sas.com/about ]

SAS is the leader in analytics. Through innovative software and services, SAS

empowers and inspires customers around the world to transform data into

intelligence. SAS gives you THE POWER TO KNOW®.

www.lloydslistintelligence.com

SOURCE: Lloyd's List Intelligence