Infospectrum has expanded its agreement with Spire Global, Inc., a global provider of space-based data, analytics, and space services, to acquire historical vessel-tracking data in addition to port event information.
The maritime analytics market is expected to be over $2 billion by 2028.
AIS data
Spire’s historical automatic identification system (AIS) data and Port Events solution which supplies live and historical vessel arrival and departure times in ports, anchorages, terminals, and canals provides visibility into a vessel’s entire journey.
Through the integration of Spire’s APIs, Infospectrum can deliver industry-pioneering insights and solutions for risk management, compliance, and trade approval to the shipping, commodities, and energy markets.
Risk management and mitigation
“The insights we provide underpin trading and credit decisions every day and contribute to the effective management and mitigation of risk,” said Magnus Evjebraaten, Chief Product and Technology Officer at Infospectrum.
“With the addition of Spire AIS data along with Port Events, we are able to empower our clients globally to accurately, quickly, and confidently assess risk and seize viable opportunities in what are the most challenging commercial environments.”