Amid Middle East unrest and the Russian-Ukraine war, the maritime industry’s regulatory landscape is growing increasingly complex. Assessing operational risks has never before been as crucial for key players in this industry. This need has spurred the development of maritime intelligence software solutions to automate risk management, and address sanctions and compliance.
What is maritime compliance Software?
Maritime compliance software refers to specialised software solutions designed to help maritime companies and organisations ensure compliance with various regulations, standards, and best practices in the maritime industry. These software solutions are tailored to address the unique challenges and requirements faced by maritime businesses, including shipping companies, ports, shipyards, maritime authorities, and regulatory agencies.
Pole Star Global has compared various market solutions, listing the main tasks carried out by compliance professionals, to help those within the industry perform operational risk assessments. Our comparison includes Pole Star Global’s PurpleTRAC with other industry-leading technologies, simplifying your decision-making process.
Key:
✓- features provided
X- features not provided
✓- features launching soon/in production
| Features | PurpleTRAC |
Global Market Intelligence Providers Competitor A |
Information Service Providers Competitor B |
Vessel and Market Evaluation Software Competitor C |
Business Information Providers Competitor D |
|
| Platform | Standard access to web portal | ✓ | ✓ | ✓ | X | ✓ |
| Capability to identify and gather data related to the voyage and the entities involved | Bill of lading verification– Info to certify customer’s declaration | ✓ | ✓ | ✓ | X | X |
| Screening capabilities | Legal entities | ✓ | ✓ | X | X | ✓ |
|
Capability to screen the data and information of the voyage and of the parties involved
|
Physical individuals | ✓ | ✓ | X | X | ✓ |
| Vessels | ✓ | ✓ | ✓ | X | X | |
| Ports | ✓ | ✓ | ✓ | X | X | |
| Goods- dual goods and/or not permissible | ✓ | ✓ | ✓ | X | X | |
|
Information retrieval
|
Maritime info– Vessel info, ports visited, route, dark activity, etc. | ✓ | ✓ | ✓ | ✓ | X |