Spire Global, Inc. (NYSE: SPIR) has been selected by OceanMind to extend the current agreement that provides real-time, automatic identification system (AIS) vessel-tracking data — Spire has been providing AIS data to OceanMind since 2019.
OceanMind supports fisheries enforcement officials, seafood buyers and non-governmental organizations (NGOs) to understand the compliance of fishing activities globally. By integrating Spire’s suite of AIS solutions into its platform, OceanMind aims to identify and prioritize suspected illegal fishing globally and deliver actionable insights to enforcement officials, streamlining their investigations.
According to the UN Food and Agriculture Organization (FAO) illegal, unreported and unregulated (IUU) fishing activities are responsible for the loss of 11–26 million tons of fish annually, an estimated economic value of $10–23 billion.
“Spire’s comprehensive AIS data suite serves as a keystone underpinning OceanMind’s mission to combat IUU fishing worldwide. The breadth and depth of capabilities offered by Spire’s solution empower us to effectively notify fisheries authorities about non-compliance within their waters and help direct enforcement efforts to stop tainted catch from entering the supply chain. To date, we have verified over $600 million worth of tuna imports entering the global market.” — Nick Wise, OceanMind CEO