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☆ Self-navigating ships could change the shipping industry. Here are the companies poised to benefit
▼ + stars: | 2024-02-02 | by ( Hakyung Kim | ) www.cnbc.com time to read: +7 min

Worldwide, the autonomous ships market reached $4.13 billion in 2022, and is forecasted to grow to $10.1 billion in 2032, according to Emergen Research . Avikus said this journey marked the first time autonomous navigation successfully enabled a large vessel to complete a trip over 10,000 kilometers. HiNAS 2.0 deployed a level-three autonomous navigation system, meaning that human intervention is only deployed in an emergency situation. The success of the HiNAS 2.0 and Prism Courage journey marked a foray into greater commercialization and implementation of autonomous ship navigation technology. The company is aiming for its fully autonomous ship technology to reach full-scale commercialization by 2025.

Persons: Patrick Ryan, Covid, Courage, Avikus, Carol Schleif, Rudy Negenborn, — Ryan, Ryan, BMO's, Morgan Stanley, Ravi Shanker, Shanker, Hunt, C.H, Robinson, Negenborn Organizations: Research, American Bureau of Shipping, Hyundai, Yara International ASA, Yara, BMO Family, Delft University of Technology, Moeller, Maersk, Yara International, Mitsui, Mitsui O.S.K, Royce, Shipbuilders, Expeditors International Locations: Covid, Avikus, Freeport, of Mexico, Panama, Korea, Red, Suez, U.S, Danish, American, ADRs, Japan

☆ Volatility is the 'new normal' for the food system, says Yara International CEO
▼ + stars: | 2024-01-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailVolatility is the 'new normal' for the food system, says Yara International CEOSvein Tore Holsether, CEO of the Norwegian chemical company, discusses factors such as climate change and the need to create a more "robust" food system.

Persons: Svein Tore Holsether Locations: Norwegian

☆ Premarket stocks: Shein and Reddit IPOs don’t herald a Wall Street boom. Here’s why
▼ + stars: | 2023-12-04 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +9 min

New York CNN —It’s been an exciting few weeks for the IPO market. People try to draw an analogy between the IPO market and a blocked pipe. That is one reason why the IPO market feels less stymied than it did 12 months ago. But if the current IPO market kicks off, it’s because of other macroeconomic factors. They’re going to very rapidly acquire customers and care much less about long term financial sustainability and climate and the environment.

Persons: New York CNN — It’s, Angela Lee, Bell, We’ve, Reddit, ‘ it’s, Shein, It’s, it’s, we’ve, Ben Minicucci, Eva Rothenberg, ”, Peter Ingram, Robin Hayes, Minicucci, “ We’ll, Anna Cooban, Svein Tore Holsether Organizations: CNN Business, Bell, New York CNN, Reuters, Microsoft, Wall Street, Columbia Business School, Federal Reserve, Alaska Air, Hawaiian Airlines, Sunday, Alaska Airlines, American Airlines, JetBlue Airways, Justice Department, District of Columbia, Spirit Airlines, Yara, CNN, International Maritime Organization Locations: New York, Reddit, Minicucci, Delta, Southwest, Norwegian, decarbonization

☆ The world may be close to getting its first cargo ship that emits almost no carbon dioxide
▼ + stars: | 2023-12-01 | by ( Anna Cooban | ) edition.cnn.com time to read: +4 min

According to the International Maritime Organization, shipping accounts for close to 3% of global annual emissions of CO2 and other greenhouse gases. Yara International, one of the world’s biggest fertilizer makers, has joined forces with its subsidiary Yara Clean Ammonia and Norway’s North Sea Container Line to work on the ship, which will transport goods between Norway and Germany. However, Yara Clean Ammonia plans to provide a mix of “blue” and “green” ammonia for the Yara Eyde. In “blue” ammonia production, CO2 emissions are captured at the source and stored underground, while “green” ammonia is made using renewable electricity. In August last year, the company said it would launch the first carbon-neutral vessel by the first quarter of 2024.

Persons: Svein Tore Holsether, ”, Norway Victoria, It’s, Faïg Abbasov Organizations: London CNN, Yara, CNN, International Maritime Organization, International Energy Agency, Norway Victoria Klesty, Transport & Environment, Maersk Locations: Norwegian, decarbonization, Norway, Germany, Porsgunn, Brussels

☆ We are creating a new 'dependency' for food and fertilizers from Russia: Yara International
▼ + stars: | 2023-10-20 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe are creating a new 'dependency' for food and fertilizers from Russia: Yara InternationalSvein Tore Holsether, CEO of Yara International, discusses earnings with CNBC and Russian fertilizers entering Europe.

Persons: Svein Tore Holsether Organizations: Yara, CNBC Locations: Russia, Europe

☆ JPMorgan: The world's food supplies face a bleak future. These are the 3 biggest threats, and the companies best-positioned to tackle food insecurity.
▼ + stars: | 2023-08-25 | by ( Mark Reeth | ) www.businessinsider.com time to read: +10 min

Investors need to know exactly where the threats to the world's food supply are coming from, what themes are beginning to emerge in this new reality, and how they should be investing. New threats to the world's food supplyIn her report, Chang highlighted the ongoing problems affecting the world's food supply: war, weather, and the weaponization of food. One of the most devastating recently implemented restrictions on food supply is India's decision to ban the exportation of non-Basmati white rice. The combination of war, weather, and the weaponization of food has taken a toll on the world's food availability. And within food innovation, JPMorgan analysts like Philippine food and beverage maker Monde Nissin (MONDE PM) and Thailand-based seafood producer Thai Union (TU TB).

Persons: UNICEF — that's, Global Research Joyce Chang, Chang, El, Hilary, CJ Cheiljedang, Mengniu Dairy, Kubota, Jeronimo Martins SGPS Organizations: JPMorgan, Hurricanes, UNICEF —, Global Research, Grain Initiative, Food Policy Research, Food, Agriculture Commodities, ASEAN, Mahindra, LG, Thai Union, TU, Jeronimo Martins SGPS SA, Tesco PLC, J Sainsbury PLC, Koninklijke Ahold Delhaize, Carrefour SA, Yara International ASA, OCI, OCI NA, Bayer AG, PepsiCo Locations: Ukraine, California, Canada, East Coast, Russia, Africa, Asia, India, El, South Korean, HK, South Korea, Philippine, Thailand, Europe

☆ Australian Indigenous group steps up campaign to protect sacred rock art
▼ + stars: | 2023-03-02 | by ( Praveen Menon | ) www.reuters.com time to read: +3 min

[1/4] Murujuga indigenous custodians campaign to protect sacred rock art in The Burrup Peninsula, Sydney, Australia July 11, 2022. Save our Songlines/Handout via REUTERSSYDNEY, March 2 (Reuters) - An Australian Indigenous group on Thursday stepped up its campaign against industrial development in Western Australia's Burrup Peninsula, a key gas export hub, saying in a protest in Sydney that planned projects would damage ancient rock art. Australia last month formally nominated the Murujuga Indigenous cultural landscape for a UNESCO World Heritage listing. The Murujuga Aboriginal Corporation, the traditional owners' representative, led the preparation of the World Heritage nomination. Save our Songlines has disagreed with the group over the industrial development and has raised doubts that a World Heritage listing would protect the ancient landscape from industrial damage.

☆ Fertiliser boom reveals food security price power
▼ + stars: | 2023-02-08 | by ( ) www.reuters.com time to read: +2 min

LONDON, Feb 8 (Reuters Breakingviews) - A top fertiliser maker has emerged as the surprise winner of Europe’s energy crisis. Food security concerns helped Yara weather the crisis. That and a war in potash and wheat exporter Ukraine created scarcity, which drove up the price of its much-desired products. Before Wednesday’s 5% share bump, it traded on just 4 times its expected 2023 earnings. Now that Yara has proved it can weather a major crisis, this gap is likely to narrow.

☆ European gas savings success hides darker reality
▼ + stars: | 2023-01-27 | by ( Lisa Jucca | ) www.reuters.com time to read: +4 min

But success in saving gas hides a darker reality for European industry. In 2021 the European Union burned 412 billion cubic metres (bcm) of gas, European Commission data shows. Last year that figured dropped by around 50 bcm, the International Energy Agency estimates, equivalent to a 12% fall. European production of steel and aluminium, which is also energy-intensive, fell 10% in the first 10 months of 2022. In 2021, the bloc consumed 412 bcm of gas, European Commission data shows.

☆ Goldman Sachs names 4 inflation-busting high-dividend stocks for next year
▼ + stars: | 2022-12-21 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Given some analysts' expectations of steep declines in share prices next year, Goldman Sachs has put together a basket of high-dividend stocks that could help investors hide from any potential carnage. Goldman Sachs analysts said that only companies making "sustainable" dividend payouts are included in their list. Goldman expects Madrid-headquartered Banco Bilbao Vizcaya Argentaria to increase its dividends to 8.2% next year from its current 6.48%. The median analyst price target on the stock also gives it 30% upside from current levels, according to FactSet. Along with a big dividend, the median analyst price target gives the stock 22% upside from current levels, Factset data shows.

☆ Fertilizer Producers Add Back Cut Production Amid Lower Gas Prices
▼ + stars: | 2022-11-01 | by ( Yusuf Khan | Jenny Strasburg | ) www.wsj.com time to read: 1 min

European fertilizer producers are restarting production across the continent, spurred on by the recent, sharp fall in natural-gas prices, though other energy-intensive industries are taking a wait-and-see approach to their own capacity cuts. Norway’s Yara International ASA, one of the world’s largest fertilizer companies, said that it was now operating at 65% of its European ammonia capacity—having slashed output to just over a third of its total capacity for much of the second half of this year. Commodity research firm CRU International Ltd. said Yara’s moves are in line with other producers. Overall, European fertilizer output is now at about 63% of total capacity, having previously stood at around 37% at the start of October, CRU said.

☆ Rocketing energy costs are savaging German industry
▼ + stars: | 2022-10-07 | by ( Anna Cooban | ) edition.cnn.com time to read: +9 min

“We don’t need a crystal ball to see a further weakening of German industry in the coming months. The full impact of higher energy prices will only be felt in the last months of the year,” he said. Energy prices started rising last fall, and then shot even higher when Russia invaded Ukraine in late February, sparking an energy standoff between Europe and Moscow. Energy costs at Prysmian’s six German factories are expected to soar to €20 million ($20 million) this year from just €5 million ($5 million) in 2021. “German industry, the so-called ‘Mittlestand’, the small and medium [sized] companies, are quite resilient and adaptable,” he said.

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