Infospectrum Expands Contract with Spire Global to Enhance Vessel-Tracking Capabilities

(Moderate)

(Positive)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

How Sentiment works How the balance works

Tags

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

08/29/2023 - 06:45 AM

VIENNA, Va.--(BUSINESS WIRE)-- Infospectrum has expanded its agreement with Spire Global, Inc. (NYSE: SPIR) (“Spire” or “the Company”), 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. 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-leading insights and solutions for risk management, compliance, and trade approval to the shipping, commodities, and energy markets.

“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 & 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.”

Learn more about Spire’s maritime data and solutions at spire.com/maritime.

About Spire Global, Inc.

Spire (NYSE: SPIR) is a global provider of space-based data, analytics and space services, offering unique datasets and powerful insights about Earth so that organizations can make decisions with confidence in a rapidly changing world. Spire builds, owns, and operates a fully deployed satellite constellation that observes the Earth in real time using radio frequency technology. The data acquired by Spire’s satellites provides global weather intelligence, ship and plane movements, and spoofing and jamming detection to better predict how their patterns impact economies, global security, business operations, and the environment. Spire also offers Space as a Service solutions that empower customers to leverage its established infrastructure to put their business in space. Spire has eight offices across the U.S., Canada, UK, Luxembourg and Singapore. To learn more, visit spire.com.