Jitendra Malik, a researcher in computer vision for three decades, doesn't own a Tesla, but he has advice for people who do. "Knowing what I know about computer vision, I wouldn't take my hands off the steering wheel," he said.
Global marine underwriting premiums last year amounted to $29.9bn, a 10.5 percent reduction on the 2014 figure, according to annual statistical report from IUMI, the International Union of Marine Insurance.
The world's seventh-largest deep sea cargo transportation carrier, Hanjin Shipping, filed for court receivership - a form of bankruptcy protection - on Aug. 31. Chaos has promptly ensued in a number of markets, and it won't end any time soon, according to Ashley Cruz, IBIS World Procurement Research Analyst.
Having weathered numerous downturns in the past, major container lines might have thought they were immune from the laws of supply and demand. Now they know better.
Rapidly emerging advancements in technology such as autonomous trucks, 3D printing and warehouse automation will foster dramatic changes in how shippers, retailers and manufacturers configure their supply chains and distribution strategies, spurring a need for different formats and locations for industrial real estate, according to a new report from CBRE Group.
Research in the design and development of fully autonomous and unmanned merchant vessels could reduce human error and provide financial savings through crew salaries and the omission of crew accommodation. However, these vessels, monitored from land, will require high-quality and reliable communication systems between the unmanned ship and shore. The communication systems are critical for safety and security and will come at a high cost.
Despite many adversities for the maritime sector over the last year, seaborne perishable reefer trade increased in 2015 -- and is forecast to grow further still in 2016. By 2020, seaborne reefer cargo will reach a staggering 120 million tonnes, increasing by an average of 2.5 percent per annum, according to the latest edition of the Reefer Shipping Market Review and Forecast 2016/17, published by global shipping consultancy Drewry.
The Federal Aviation Administration, citing fire hazards, has warned against using Samsung Galaxy Note 7 smartphones on aircraft. Three Australian airlines and the German carrier Lufthansa have outright banned their use onboard. But the threat of airliner fires is not limited to Samsung devices, which the company has offered to replace. And the hazard is far more than theoretical.