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☆ U.S. energy secretary tells skeptical executives natural gas export pause will be short-lived
▼ + stars: | 2024-03-21 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

US Energy Secretary Jennifer Granholm speaks during the CERAWeek oil summit in Houston, Texas, on March 18, 2024. HOUSTON — The Biden administration this week sought to reassure skeptical oil and gas executives that a pause on liquified natural gas exports from new projects would be short-lived and would not alter the industry's meteoric growth. Secretary of Energy Jennifer Granholm indicated in Houston on Monday that the pause would be relatively short-lived. The energy secretary reiterated the pause has no impact on the 48 billion cubic feet per day that is currently authorized for export. The 48 Bcf/d of currently authorized LNG is three times the current export capacity of the U.S., according to the Department of Energy.

Persons: Jennifer Granholm, HOUSTON —, Biden, Joe Biden, Energy Jennifer Granholm, Granholm Organizations: US, HOUSTON, Industry, Department of Energy, Energy, Global Locations: Houston , Texas, U.S, Ukraine, Houston

☆ Sen. Dan Sullivan on LNG pause: We are once again driving our allies into the arms of adversaries
▼ + stars: | 2024-03-19 | 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 EmailSen. Dan Sullivan on LNG pause: We are once again driving our allies into the arms of adversariesSen. Dan Sullivan (R-Alaska) joins 'Squawk Box' to discuss the Biden's administration to temporarily freeze new liquid natural gas export approvals, why Republicans are fighting back against the LNG pause, and more.

Persons: Email Sen, Dan Sullivan, Sen Organizations: Email, Republicans Locations: Alaska

☆ Watch CNBC's full interview with Venture Global LNG's Michael Sabel
▼ + stars: | 2024-03-19 | 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 EmailWatch CNBC's full interview with Venture Global LNG's Michael SabelCNBC's Brian Sullivan interviews Michael Sabel, Executive Co-Chairman and Founder of Venture Global LNG, from the CERAWeek conference in Houston, Texas.

Persons: Michael Sabel CNBC's Brian Sullivan, Michael Sabel Organizations: Venture, Venture Global Locations: Houston , Texas

☆ Sen. Joe Manchin: White House's LNG pause is 'crazy'
▼ + stars: | 2024-03-18 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSen. Joe Manchin: White House's LNG pause is 'crazy'CNBC's Brian Sullivan interviews West Virginia Senator Joe Manchin from the CERAWeek conference in Houston, Texas.

Persons: Email Sen, Joe Manchin, Brian Sullivan Organizations: Email, West Locations: West Virginia, Houston , Texas

☆ Shell CEO on LNG pause: Can cause long-term market uncertainty
▼ + stars: | 2024-03-18 | 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 EmailShell CEO on LNG pause: Can cause long-term market uncertaintyShell CEO Wael Sawan joins 'The Exchange' with CNBC's Brian Sullivan to discuss potential intersections between natural gas and AI, demand for liquified natural gas, and more.

Persons: Wael Sawan, CNBC's Brian Sullivan Organizations: Email Shell

☆ LNG pause adds 'uncertainty' to the industry, says Cheniere CEO Jack Fusco
▼ + stars: | 2024-03-18 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLNG pause adds 'uncertainty' to the industry, says Cheniere CEO Jack FuscoCNBC's Brian Sullivan interviews Cheniere President and CEO Jack Fusco, from the CERAWeek conference in Houston, Texas.

Persons: Jack Fusco CNBC's Brian Sullivan, Jack Fusco Locations: Houston , Texas

☆ Amos Hochstein: U.S. will be 'most dominant LNG exporter this world has ever seen'
▼ + stars: | 2024-03-18 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAmos Hochstein: U.S. will be 'most dominant LNG exporter this world has ever seen'CNBC's Brian Sullivan interviews Amos Hochstein, Senior Advisor to President Biden, from the CERAWeek conference in Houston, Texas.

Persons: Amos Hochstein, Brian Sullivan, Biden Locations: Houston , Texas

☆ It will be 'very difficult for Aramco to participate' in the U.S. LNG sector: Analyst
▼ + stars: | 2024-03-11 | 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 EmailIt will be 'very difficult for Aramco to participate' in the U.S. LNG sector: AnalystJosh Young of Bison Interests says that Aramco's financial results reflect the fact that their oilfields are maturing and the potential returns from financing projects in the U.S. LNG sector would make it difficult for the company to continue paying out high dividends.

Persons: Josh Young Organizations: U.S, LNG, Bison Locations: Aramco

☆ With the Nasdaq at record highs, these are the benchmark's most beloved stocks that are expected to rally
▼ + stars: | 2024-03-01 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

Even as the Nasdaq Composite is surging to new highs, investors can still find stocks within the index that have room to run. These stocks have a consensus buy rating from analysts and have an upside of 20% or more from their average price targets. Analysts have a consensus buy rating on both stocks, and think AstraZeneca could rally more than 26%, while Biogen could jump roughly 40%. Bank of America last month reiterated its buy rating on Baker Hughes. Twenty-two of the 27 analysts polled by LSEG rate the stock a buy or strong buy, and the average price target suggests 35% upside from here.

Persons: Biogen, Wells, Baker Hughes, Saurabh Pant Organizations: Nasdaq, CNBC, Stock, AstraZeneca, Warner Bros, Biotechnology, Biogen, Deutsche Bank, Analysts, Moderna, HSBC, Discovery, Bank of America, CCS, " Bank of America

☆ Final Trades: Google, Wabtec, Flex LNG and QQQ
▼ + stars: | 2024-02-28 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFinal Trades: Google, Wabtec, Flex LNG and QQQToday’s ‘Halftime Report’ Investment Committee, Jenny Harrington, Kari Firestone, Joe Terranova and Steve Weiss give their top picks to watch for the second half.

Persons: Today’s, Jenny Harrington, Kari Firestone, Joe Terranova, Steve Weiss Organizations: Google, Flex LNG, Investment

☆ Ford, Disney, Costco and more — Jim Cramer provides his updated views on each
▼ + stars: | 2024-02-23 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street.

Persons: Jim Cramer, Ford, Jim, Train's Nelson Peltz, Stanley Black, Decker, Lauder, We'll, Tom Jorden, Jim Cramer's Organizations: CNBC, Warner Bros, Discovery, Disney, Costco, Club, Coterra Energy, TJX Companies, Animal Health, Paramount Global, Jim Cramer's Charitable Locations: China, Snowflake

☆ 4 of our stocks report earnings next week. Here's what we want to see from each
▼ + stars: | 2024-02-17 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

A hotter-than-expected consumer price index on Tuesday sent stocks reeling, with the Dow posting its biggest drop in a year. Stocks bounced back over the next two days, helped by a softer retail sales report , only to slump again on Friday's hot producer price index for January. As we said this week, we're not overly concerned with the hotter-than-expected inflationary readings. Earnings season picks back up for the Club next week, with four holdings set to report quarterly results. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Wall, Stocks, we're, Palo, Fortinet, BCH's Bausch, Management doesn't, Dana, Bausch, Dr Pepper, Diana Shipping, Jim Cramer's, Jim Cramer, Jim, Jensen Huang, Walid Berrazeg Organizations: Dow Jones Industrial, Nasdaq, Dow, Federal Reserve, Club, Palo Alto, Palo, billings, Nvidia, Amazon, Microsoft, Bausch Health, Coterra Energy, Management, NYSE, Walmart, Axsome Therapeutics, Barclays Bank, Armstrong World Industries, Ceragon Networks, Tri Pointe Homes, Dana Incorporated, DigitalBridge, Oil States International, Systems, Allegion, CenterPoint Energy, Equitrans Midstream Corporation, Expeditors International of Washington, Alto Networks, SolarEdge Technologies, Enovix Corporation, Caesars Entertainment, Diamondback Energy, Toll, Ternium S.A, Celanese Corp, Chesapeake Energy, CVR Energy, Reserve, Vertiv Holdings Co, Properties Trust, Devices, HSBC Holdings plc, HSBC, Lomb, Sinclair Corporation, Pagaya Technologies, Gibraltar Industries, Garmin, NVIDIA, Rivian Automotive, Sunnova Energy International, Bros, Apache, Oil, Suncor Energy, Co, FNF, Sciences, Coeur D'Alene Mines, Trip.com, Joby Aviation, Resources, Alamos, Jackson, Nutrien, NTR, Pan, Sm Energy Company, Health, Newmont, Nikola Corporation, Cheniere Energy, Fiverr, Natural Resources, Point Credit, Lantheus Holdings, Builders, Grab Holdings, NICE, Dominion Energy, Harmony Biosciences Holdings, Teck Resources Limited, Intellia Therapeutics, Energy, Booking Holdings, Intuit, Semiconductor, Nation Entertainment, Vale S.A, Rocket Companies, Warner Bros ., AerCap Holdings, Natural Holdings, Calumet Specialty Products Partners, Frontier Communications, Jim Cramer's Charitable, CNBC, Lightrocket, Getty Locations: billings, Palo Alto, China, Xifaxan, Tri Pointe, Avista, Gibraltar, Coeur D'Alene, Pan American, Teck, Vale

☆ Second Trump Presidency Would Axe Biden Climate Agenda, Gut Energy Regulators
▼ + stars: | 2024-02-16 | by ( Feb. | At A.M. | ) www.usnews.com time to read: +7 min

Much of that work could go up in smoke if his likely rival Donald Trump beats him at the polls in November, according to Republican policy advisers. Reuters spoke with a dozen Republican policy consultants and former Trump administration officials who are helping lay the groundwork for a second Trump presidency to sketch out the administration's likely approach to energy and environmental issues. Trump formally withdrew the U.S. during his first term in office but Biden swiftly reversed the move in 2021. "A big lesson that everybody in the first Trump administration learned was that personnel is really important. The idea of taking a hatchet to the entire IRA could, however, give some oil industry officials and Republican politicians pause, a former Trump administration official said.

Persons: Valerie Volcovici, Gram Slattery WASHINGTON, Joe Biden, Donald Trump, Trump, Stephen Moore, Trump's, Larry Kudlow, David Bernhardt, Rick Perry, Kevin Hassett, Harold Hamm, Biden, George David Banks, Ivanka, Mike McKenna, Diana Furchtgott, Roth, Timothy Gardner, Richard Valdmanis, Deepa Babington Organizations: Republican, United Nations, Trump, Reuters, White, Heritage Foundation, Republicans, Economic, Energy, Biden, America, Policy Institute, Heritage Locations: United States, Paris, Biden's

☆ There's no winter weather to support the kind of natural gas production we're seeing: Amrita Sen
▼ + stars: | 2024-02-15 | 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 EmailThere's no winter weather to support the kind of natural gas production we're seeing: Amrita SenAmrita Sen, Energy Aspects founder and director of research, joins 'Squawk Box' to discuss the natural gas market, the impact of Biden administration's decision to pause approval of new LNG export projects, and more.

Persons: Amrita Sen Amrita Sen, Biden Organizations: Energy

☆ Gas has a key role to play in decarbonization, Shell EVP of LNG says
▼ + stars: | 2024-02-15 | 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 EmailGas has a key role to play in decarbonization, Shell EVP of LNG saysCederic Cremers, executive vice president of liquefied natural gas at Shell, discusses the energy giant's LNG Outlook for 2024, the momentum countries like China and India are having in decarbonization and what role gas plays in countries that are targeting net zero.

Persons: Cremers Organizations: Gas, Shell Locations: decarbonization, China, India

☆ EQT CEO: Expect bumpy natural gas prices for the next 6 to 9 months
▼ + stars: | 2024-02-15 | 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 EmailEQT CEO: Expect bumpy natural gas prices for the next 6 to 9 monthsEQT CEO Toby Rice joins 'The Exchange' to discuss the reason behind natural gas prices, the potential impact of the Biden administration's LNG pause, and more.

Persons: Toby Rice Organizations: Biden

☆ U.S. Secretary of Energy: Pause on LNG exports is not a ban
▼ + stars: | 2024-02-14 | 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 EmailU.S. Secretary of Energy: Pause on LNG exports is not a banU.S. Secretary of Energy Jennifer Granholm discusses her country's pause on LNG exports, and how it will affect energy security strategy and alliances. She also weighs in on how the U.S.'s mining policies will impact global geopolitical tensions.

Persons: Energy Jennifer Granholm Organizations: U.S, of Energy, Energy Locations: U.S

☆ Santos should consider de-merging its LNG business: Fund manager
▼ + stars: | 2024-02-09 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSantos should consider de-merging its LNG business: Fund managerRaphael Lamm of L1 Capital expects further consolidation in the global energy space as demand remains "flat".

Persons: Santos, Raphael Lamm Organizations: L1 Capital

☆ TotalEnergies CEO Patrick Pouyanné: U.S. LNG pause could be 'damaging' for Europe
▼ + stars: | 2024-02-09 | by ( Pippa Stevens | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTotalEnergies CEO Patrick Pouyanné: U.S. LNG pause could be 'damaging' for EuropeTotalEnergies CEO Patrick Pouyanné joins CNBC's Pippa Stevens to discuss the state of oil markets and why prices could be heading higher amid rising tensions in the Middle East and consolidation in U.S. markets. Plus: why Pouyanné believes the market will ultimately reward the oil and gas giant's renewables bet, and why he thinks the White House's decision to pause LNG approvals could be damaging for Europe

Persons: Patrick Pouyanné, Pippa Stevens, Pouyanné Organizations: Europe Locations: U.S

☆ Top Biden official at Senate hearing defends liquefied natural gas pause
▼ + stars: | 2024-02-08 | by ( ) www.cnbc.com time to read: +2 min

A top U.S. Department of Energy (DOE) official on Thursday defended President Joe Biden's pause on approvals of liquefied natural gas (LNG) exports at a Senate hearing called by a fellow Democrat who said he will investigate the decision. Deputy U.S. Energy Secretary David Turk told the Senate energy committee that the DOE will finish the review as quickly as possible but it he could not predict a timeline other than it would take "months, not years." A U.S. official earlier on Thursday told Reuters "I don't think we're concerned at all about our ability to meet (European) demand." Senator Joe Manchin, a Democrat from natural gas producer West Virginia who called the hearing, said the pause sends the wrong signal to allies in Europe and Asia. The pause signals "the wrong direction for our country, a very wrong direction," Manchin said.

Persons: Energy David M, Turk, Joe Biden's, Biden, David Turk, Joe Manchin, West, Manchin Organizations: Energy, Green Energy Africa, Cape Town International Convention, U.S . Department of Energy, DOE, U.S . Energy, U.S, Thursday, Reuters, LNG Locations: Cape Town , South Africa, United States, Europe, Ukraine, West Virginia, Asia

FRANKFURT, Germany (AP) — Missiles and drones are flying in the Red Sea, disrupting one of the world's key trade arteries and a chokepoint for energy shipments headed for Europe. Last year, 12.9% of Europe's LNG went through the Red Sea from suppliers in the Middle East, mainly Qatar. That means “an extended shut-in of the Red Sea route from the Middle East poses a supply risk to Europe,” said Kaushal Ramesh, vice president at Rystad Energy. So far, there's been little to no impact on natural gas prices. Europe is getting a break because demand for natural gas is weak amid a sluggish economy.

Persons: Yemen's Houthi, it's, ”, Kaushal Ramesh, there's, ” Rystad's Ramesh, Simone Tagliapietra, Tagliapietra, Biden, Vladimir Putin, Joe Biden, Jennifer Granholm, Eurogas, Tagliapeitra, Claudia Kemfert, ___ Daly Organizations: Missiles, Union, SEA, Italy's, Europe's, Rystad Energy, WHAT'S, Energy, Industry, German Institute of Economic Research, Leuphana University Locations: FRANKFURT, Germany, Red, Europe, Italy, Russia, Ukraine, Mandab, Israel, U.S, Yemen, Africa, Suez, Qatar, China, Norway, Azerbaijan, Brussels, Iran, Hormuz, Persian, That's, ”, Asia, ” U.S, USA, EU, Washington

☆ Woodside Energy ceases talks on $52 billion Santos merger
▼ + stars: | 2024-02-07 | by ( ) www.cnbc.com time to read: 1 min

Signage for Woodside Energy Group Ltd. atop the Mia Yellagonga building, which houses the company's headquarters, in Perth, Australia, on Tuesday, Aug. 24, 2023. Australia's Woodside Energy said on Wednesday it had ended talks with Santos to create a possible AU$80 billion ($52.22 billion) global oil and gas giant. Woodside said it would only pursue a deal that would add value for its shareholders. Santos shares dropped 5% soon after the news was announced while Woodside's stock rose 2% on Wednesday. "While the discussions with Santos did not result in a transaction, Woodside considers that the global LNG sector provides significant potential for value creation," Woodside CEO Meg O'Neill said in a statement.

Persons: Mia Yellagonga, Santos, Meg O'Neill Organizations: Woodside Energy Group, Australia's Woodside Energy, Santos, Woodside Locations: Perth, Australia

☆ Red Sea crisis: Commercial shippers are 'very afraid,' analyst says
▼ + stars: | 2024-02-05 | 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 EmailRed Sea crisis: Commercial shippers are 'very afraid,' analyst saysViktor Katona, lead crude analyst at Kpler, says "right now there's not a single LNG carrier in the Red Sea."

Persons: Viktor Katona Locations: Red

☆ 8 more of our stocks report earnings next week. Here's what we want to see
▼ + stars: | 2024-02-03 | by ( Zev Fima | ) www.cnbc.com time to read: +13 min

The three major averages posted gains for the fourth week in row, lifted by strong quarterly earnings results for most of the Big Tech companies and a strong jobs report. A weaker ADP Employment report on Wednesday provided no read-through to the monster January jobs report Friday. Here's what we're keeping an eye on in the coming week: 1. Earnings: It's another big earnings week head for the portfolio, with 8 more of our companies reporting. Consistency is what we appreciate most from nat gas giant Linde , so we're hoping for another quarter of solid earnings growth Tuesday.

Persons: Estee Lauder, Eli Lilly, Mounjaro, Nelson Peltz, Estée Lauder, Tyson, CARR, Jacobs, Willis Towers Watson, Edwards, Walt Disney, Oscar Health, Philip Morris, Armour, BAX, BILL, Jim Cramer's, Jim Cramer, Jim, George Frey Organizations: Big Tech, Dow Jones Industrial, Nasdaq, PMI, Apple, Starbucks, Procter, Gamble, GE Healthcare, DuPont, Linde, Ford, General Motors, Trian Partners, Disney, ESPN, Wynn Resorts, Wynn, Vegas, Prix, Estée Lauder Companies, Caterpillar, McDonalds Corp, Allegiant Travel, Bowlero Corp, Tyson Foods, TSN, Air Products & Chemicals, IDEXX Laboratories, CNA Financial Corp, CNA, Timken Company, Graham Corporation, Mesa Laboratories, Sphere Entertainment, Loews Corp, Technologies, Vertex Pharmaceuticals, Semiconductors, Simon Property Group, Amkor Technology, FMC Corporation, FMC, BellRing Brands, Crown Holdings, ChampionX Corporation, Golub Capital BDC, Flexsteel Industries, Kilroy Realty Corp, Gladstone Capital Corp, Unibanco, S.A, Snack Foods Corp, Kimball Electronics, Skyline Corp, Cabot Corporation, Simpson Manufacturing Co, Varonis Systems, Co, GE HealthCare, Linde plc, LIN, Spotify Technology S.A, BP, Hertz Global Holdings, AeroSystems Holdings, Toyota Motor Corp, Cummins, CMI, Software Technologies, AGCO Corporation, Carrier Global Corporation, Lear Corp, CONSOL Energy, Centene Corporation, Gartner, Arcbest Corp, CTS Corporation, Energizer Holdings, Hamilton Lane Incorporated, KKR, Precision Drilling Corporation, Frontier Group Holdings, Waters Corp, Alfa Laval, Aramark Holdings Corp, FirstService Corporation, Garden Sports Corp, New Jersey Resources Corp, nVent Electric plc, PJT Partners, Resources, Sensata Technologies, Ford Motor Company, Enphase Energy, Grill, VF Corp, Edwards Lifesciences Corp, Gilead Sciences, Lumen Technologies, Cognizant Technology Solutions Corp, Weatherford International plc, Amcor plc, Arrowhead Pharmaceuticals, Advanced Energy Industries, Uber Technologies, CVS Health, Roblox Corporation, Ares Capital Corp, Bunge, XPO Logistics, Scotts Miracle, Gro Company, Berry Global, Flex LNG, Equinor ASA, Griffon Corporation, OneMain Holdings, Brookfield Asset Management, Emerson Electric Co, Hilton Worldwide Holdings, Reynolds Consumer Products, Silicon Laboratories, Brands, Sciences, CDW Corp, Fox Corporation, WYNN, PayPal, Arm Holdings plc, ARM, Axcelis Technologies, Mattel, Paycom, Annaly Capital Management, McKesson Corp, Health Corporation, O'Reilly Automotive, Allstate Corp, Fluence Energy, Power Systems, Digital Turbine, Blue Bird Corp, Everest Group, Omega HealthCare, Coty, COTY, ConocoPhillips, Cameco Corp, Philip Morris International, Spirit Airlines, Hershey Company, Lightspeed Commerce, Aurora Cannabis, Lincoln National Corp, P, Tenet Healthcare Corp, Asbury Automotive Group, Arrow Electronics, Baxter International, PetMed, Boyd Gaming Corp, FirstEnergy Corp, Motorola Solutions, Terex Corp, PepsiCo, Growth, AMC Networks, Owl, American Pipeline, TELUS International, Magna International, Newell Brands, Jim Cramer's Charitable, CNBC, Bloomberg, Getty Locations: U.S, China, Macau, Wynn Macau, Valvoline, VVV, ALFVY, Madison, New Jersey, Gilead, Ceridian, ORLY, Paycor, Aurora, Provo , Utah

☆ 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

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