While it is acknowledged that blockchain technology has much potential to be useful for the shipping industry, so far nothing much substantive has been done to develop it.

Always at the vanguard of new technology adoption in shipping, Hong Kong-based boxshipping line Orient Overseas Container Line (OOCL) is fully committed to making a step change in the way the container shipping business is run as it works with Microsoft Research Asia (MSRA), Microsoft’s world-class research arm, on an 18-month joint-partnership to apply Artificial Intelligence (AI) research to improve network operations and achieve efficiencies.

Insurwave, the world's first block chain platform for marine insurance, is now in commercial use with AP Moller – Maersk using the platform.

Hong Kong-based line Orient Overseas Container Line (OOCL) is the latest to dive into the world of Artificial Intelligence (AI), announcing a partnership with Microsoft research arm Microsoft Research Asia (MSRA) to apply AI research to improve network operations and achieve efficiencies within the shipping industry. The collaboration is expected to nurture over 200 AI developers over the next 12 months.

Bimco has launched its new electronic editing solution for contracts - SmartCon – at an event in Singapore.

The cyber security risks to ECDIS navigation systems, many of which run on old, and unsupported operating systems, are well known, and ABS director of cyber security Paul Walters offers some very simple advice on how to help keep them safe.

Ernst & Young (EY) and software security firm Guardtime, in collaboration with six industry participants including AP Moller-Maersk and Microsoft, have launched the world’s first blockchain platform for the marine insurance sector.

Maritime cyber-security specialist CyberKeel is warning a number of major maritime websites are vulnerable to be taken over by remote control unless they are patched with a fix from Mircosoft.