Spire Global has completed its acquisition of shipping tracking company exactEarth and signed a new agreement with maritime data analytics developer Sinay
More ships can be tracked using automatic identification system (AIS) data and new analysis can be offered by the merger of exactEarth into Spire Maritime.
“The merger means we are better positioned to serve the maritime sector’s AIS data needs,” said Spire Maritime chief executive Peter Mabson. “We believe this business combination will enable us to offer a broader and richer set of advanced data and analytics for more confident decisions.”
Mr Mabson was chief executive of exactEarth until the completion of the merger, which combined AIS data from two different satellite constellations.
“Increased detection capability drives better data quality and more accurate tracking and analytics,” he said.
This merger more than doubles Spire’s satellite constellation from 69 to more than 165 satellites capable of providing real-time vessel tracking abilities.
Mr Mabson said this merger will result in more investment and development resources for building the innovative future of maritime AIS and help maritime industries to expand on their digitalisation and optimisation strategies.
“The use cases for AIS data and analytics are seemingly endless,” Mr Mabson said. “We continue to drive the digitalisation of the maritime industry.”
In another deal, Spire formed a partnership with Sinay to use data analytics and machine learning to develop global maritime solutions. Sinay has developed the cloud-based Sinay Hub, which provides artificial intelligence (AI) algorithms for real-time environmental and logistic monitoring, and regulations compliance.
Spire is integrating its historical and real-time AIS data into Sinay’s machine learning model. Its AI technology will determine maritime routes, classify vessels and train the machine learning model to improve AI algorithms and predict a reliable estimated time of arrivals (ETAs) to shipping.
This agreement builds on the two years Sinay has been using Spire’s AIS data to provide information to ship operators. In addition to AIS data, Sinay is looking at integrating maritime weather insights for cargo tracking by modelling weather conditions and ETAs to define the best route for cargo delivery.
“Modern businesses rely on having current, precise and reliable data to make informed decisions,” said Sinay managing director David Lelouvier.
“Spire’s data and analytics enable us to confidently deliver real-time situational awareness, allowing the maritime industry to tap into the power of AI and data to make optimal decisions, consistently, and in real-time,” he said.
Spire Maritime senior vice president and general manager John Lusk said the agreement with Sinay will expand the use of historical and real-time AIS data.
“The impact of weather on the maritime industry and in-turn global supply chains is something we are uniquely able to help our customers mitigate,” Mr Lusk said. “Our relationship with Sinay will include this valuable dataset alongside the data they have been utilising in their models for years.”
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