The Marine sector is one of the most crucial industries in the world as 98% of the goods we use are at some point shipped between different countries.

More importantly, the radical development in marine technology has not only help safeguard the industry but has made it more efficient and easier to track.

Shipping hit the headlines recently when a collision between two cargo ships in waters outside Tokyo Bay resulted in a death and with eight others missing, however Automatic Identification System (AIS) technology has allowed authorities to see exactly what went wrong.

Speaking exclusively to IBTimes TV, Software Radio Technology's CEO Simon Tucker explains how and why the Panama-registered Beagle III sank as well as how technology actually provides enough warning signs to stop this from occurring more often.