Pole Star Global buys maritime tech company Clearwater Dynamics

UK-based Pole Star Global, which specialises in voyage optimisation and dark vessel detection, has acquired maritime risk intelligence company Clearwater Dynamics.

Financial terms of the transaction remain undisclosed.

Clearwater Dynamics, also based in the UK, focuses on situational awareness within high-risk maritime environments.

Its Coral platform is known for its role in managing marine war insurance risk, aiding insurers and brokers in the assessment and mitigation of risks within international shipping lanes.

Pole Star Global will integrate Clearwater Dynamics' real-time vessel risk monitoring as well as marine insurance capabilities into its existing portfolio.

The Coral platform's real-time risk assessment tools are set to complement Pole Star Global's maritime intelligence services, according to a press release from Pole Star Global.

Furthermore, the acquisition will bolster Pole Star Global's proprietary data platform, DOMAIN, through the inclusion of new data sources derived from Clearwater Dynamics' operational network.

Pole Star Global CEO Bob Skea said: “This acquisition is a natural extension of our vision.

“Clearwater Dynamics brings the same real-time intelligence to vessel operators and marine underwriters and brokers, creating a seamless, data-rich ecosystem that spans the operational, regulatory and insurance layers of maritime risk.”

Clearwater Dynamics CEO Will Unwin stated: “Joining Pole Star Global enables us to scale Coral’s capabilities and reach a wider global audience. Together, we will empower clients to make faster, more confident decisions when navigating the high-risk, high-stakes world of maritime logistics and insurance.”

"Pole Star Global buys maritime tech company Clearwater Dynamics " was originally created and published by Life Insurance International, a GlobalData owned brand.

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