Morgan Downey News

Israeli Shipping Data Firm to Enter Commodities Game

Analysts say intelligent analytics could give firm an edge. A young Israeli technology company believes the expertise it has built up in tracking ships for governments and security agencies could help it break into the much larger market for providing information on seaborne commodities. Windward, founded just over five years ago by two former Israeli navy officers, plans to launch a maritime information service later this year for banks, investors and trading houses, its chief executive Ami Daniel told Reuters in an interview. About 90 percent of global trade is transported by sea, but there is little visibility on what ships are doing and what cargo they carry.