The Sentinel series of satellites are part of the European’s Commissions Copernicus program, which is tasked with providing the public and private sector with Earth Observation (EO) sensor data and imagery for a range of different application areas. In relation to the usage of these satellites in the domain of illegal dumping, the most relevant Sentinel satellites are ‘Sentinel-1’ and ‘Sentinel-2’.
On 4th August 2020, a large amount of ammonium nitrate stored at the port of the city of Beirut, the capital of Lebanon, exploded. Due to the mobile nature of vessels and cargo at ports, insurance companies had little insight into their potential exposure at the time of the catastrophic event.
On 27th August, one of the largest storms of 2020, Hurricane Laura made landfall across southwest Louisiana as a category 4 storm with 150 mph winds. By 27th October, Cat.1 Hurricane Sally, Cat.2 Hurricane Delta and Cat.1 Hurricane Zeta made landfall over Louisiana. Risk carriers needed to understand their full exposures and damage associated with each event
Monitoring compliance to environmental laws and regulations can be costly and time consuming for insurers, shipowners and regulators alike.
In this fast-paced global market, business operations require the ability to monitor specific areas across the globe, especially as they face new challenges and risks every day. Insurance companies require to be informed when their fleet enters a region of heightened interest or risk. Operational businesses require detailed insights and up to date information over regions of the world in order to make decisions about future investments.
Monitoring compliance to environmental laws and regulations can be costly and time consuming for insurers, shipowners and regulators alike. Failure to comply with legislation relating to the recycling of vessels, such as the European Waste Shipment Regulations and UN Basel Convention, as well as local laws, may lead to serious consequences, including imprisonment of the parties involved, investigation of the insurers and heavy financial penalties. Above all, these cases will hit the media powerfully, resulting in significant reputational consequences.
In July 2020, at the peak of the global COVID lock-downs, vast volumes of major cruise
ships and car carriers were laid by in ports or idle in anchorages worldwide, resulting
in high-risk, high-density accumulations. The vessels were also at risk of breaching
compliance regulations regarding inspections and maintenance.