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Strategies & Market Trends : Value Investing
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To: Paul Senior who wrote (58870)7/23/2017 3:18:40 PM
From: E_K_S  Read Replies (1) of 78717
 
Norway Takes Lead in Race to Build Autonomous Cargo ShipsThe Yara Birkeland, slated for launch late in 2018, will make short trips delivering fertilizer

Dubbed by shipping executives the “Tesla of the Seas,” the Yara Birkeland now under development is scheduled in late 2018 to start sailing fertilizer 37 miles down a fiord from a production facility to the port of Larvik. Using the Global Positioning System, radar, cameras and sensors, the electric ship is designed to navigate itself around other boat traffic and to dock on its own.




The Birkeland is being jointly developed by agriculture firm Yara International ASA and Kongsberg Gruppen AS A, which builds guidance systems for civilian and military uses.

Petter Ostbo, Yara’s head of production who leads the project, said the company would look to invest in bigger ships and use them for longer routes once international regulations are in place for crewless vessels. “Maybe even move our fertilizer from Holland all the way to Brazil,” he said.

The world's first autonomous, zero emission container ship (long)



May be another reason to accumulate the stock if/when it sells off. YARA also do self driving tractors in Europe. It's still a small % of their revenues but has hidden growth potential.

EKS
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