Tag: Artificial Intelligence

French oil major Total and Google Cloud signed an agreement to jointly develop artificial intelligence solutions applied to subsurface data analysis for oil and gas exploration and production. The agreement focuses on the development of AI programs that will make it possible to interpret subsurface images.

MSRA, Microsoft’s research arm, and Hong Kong-based shipping company OOCL announced partnership in applying Artificial Intelligence research to improve network operations and achieve efficiencies in shipping. The collaboration is expected to nurture over 200 AI developers over the next 12 months.

Allianz Global Corporate & Specialty published a new report called "The Rise of Artificial Intelligence: Future Outlook and Emerging Risks", identifying benefits and risk concerns about AI implementation in society and industry. AI can benefit businesses, increasing their efficiencies, and reducing repetitive tasks.

Fujitsu, Singapore Management University, and A*STAR's Institute of High Performance Computing, will collaborate to develop new technologies to improve vessel traffic management in the Port of Singapore, with the support of the Maritime and Port Authority of Singapore. These technologies will use AI and big data analytics.

Dr. Luiza Shahbazyan, Product Manager CAT, Safebridge Cyprus, says that living in the smart shipping era, it is likely to see a change in the working environment, requiring from seafarers a different kind of skills which could be able to augment artificial intelligence, and focusing more on non-technical skills, known as 'soft skills'.

The upgrade of current technologies or the development of new applications open a new world of opportunities. However, we are not talking about technologies that will appear in the distant future but about technologies that do not exist at present and are expected to come within the next five years. These will impact many industries and shipping in not an exception.

Rolls-Royce's MAXCMAS research project found that the use of newly developed algorithms allowed existing COLREGs to remain relevant in a crewless environment, and that Artificial Intelligence-based navigation systems can comply with the rules to avoid collision effectively, even when approaching manned vessels were interpreting the rules differently.

Graham Ahearne, Corvil Director, Security Product Management, said that the advanced, persistent threat landscape in cyber security poses an enormous risk to global financial markets and Cyber Resilience can be built through standards, collaboration and AI-Powered Automation in these markets.

Speaking about digital transformation in container shipping, BGC reports that the industry has failed to adapt to the digital age, yet. For this reason, it is important for the industry to follow some steps, which will help container industry modernize.

In November 2017, the first automated driving unmanned straddle carrier was created. Using AI technology, this straddle carrier can conduct multiple functions without pre-embedded magnetic nails. After tested on the terminal for a long time, the straddle carrier can perform unmanned driving like self-location and autonomous navigation.