Yara Debuts World’s First Autonomous Electric Container Ship

Yara Birkeland, the world's first fully electric and autonomous container vessel, is moored in Oslo, Norway November 19, 2021. (Reuters)
Yara Birkeland, the world's first fully electric and autonomous container vessel, is moored in Oslo, Norway November 19, 2021. (Reuters)
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Yara Debuts World’s First Autonomous Electric Container Ship

Yara Birkeland, the world's first fully electric and autonomous container vessel, is moored in Oslo, Norway November 19, 2021. (Reuters)
Yara Birkeland, the world's first fully electric and autonomous container vessel, is moored in Oslo, Norway November 19, 2021. (Reuters)

The world's first fully electric and self-steering container ship, owned by fertilizer maker Yara , is preparing to navigate Norway's southern coast and play its part in the country's plans to clean-up its industry.

The Yara Birkeland, an 80-meter-long (87 yards) so-called feeder, is set to replace lorry haulage between Yara's plant in Porsgrunn in southern Norway and its export port in Brevik, about 14 km (8.7 miles) away by road, starting next year.

It will cut 1,000 tons of carbon emissions per year, equivalent to 40,000 diesel-powered journeys by road, and is expected to be fully autonomous in two years.

For Yara it means reducing CO2 emissions at its plant in Porsgrunn, one of Norway's single largest sources of CO2, Chief Executive Svein Tore Holsether said.

"Now we have taken this technological leap to show it is possible, and I'm thinking there are so many routes in the world where it is possible to implement the same type of ship," he told Reuters.

Built by Vard Norway, Kongsberg provided key technology including the sensors and integration required for remote and autonomous operations.

"This isn't about replacing the sailors, it's replacing the truck drivers," Yara's Jostein Braaten, project manager for the ship, said at the ship's bridge, which will be removed when the vessel is running at full automation.

The ship will load and offload its cargo, recharge its batteries and also navigate without human involvement.

Sensors will be able to quickly detect and understand objects like kayaks in the water so the ship can decide what action to take to avoid hitting anything, Braaten said.

The system should be an improvement over having a manual system, he added.

"We've taken away the human element, which today is also the cause of many of the accidents we see," Braaten said.

The ship, which will do two journeys per week to start with, has capacity to ship 120 20-foot containers of fertilizer at a time.

It is powered by batteries provided by Swiss Leclanche packing 7 megawatt hours over eight battery rooms, the equivalent of 100 Tesla cars, Braaten said.



Nvidia’s Market Value Tops $4 Trillion

Nvidia logo is seen in this illustration created on January 27, 2025. (Reuters)
Nvidia logo is seen in this illustration created on January 27, 2025. (Reuters)
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Nvidia’s Market Value Tops $4 Trillion

Nvidia logo is seen in this illustration created on January 27, 2025. (Reuters)
Nvidia logo is seen in this illustration created on January 27, 2025. (Reuters)

Nvidia's stock market value ended the trading session above $4 trillion for the first time on Thursday, solidifying the chipmaker's position as Wall Street's central player in a race to dominate AI technology.

Shares of Nvidia ended up 0.75% at $164.10, giving it a market value of $4.004 trillion and extending its lead over Apple and Microsoft as it benefits from a surge in demand for artificial-intelligence technologies.

Nvidia's stock market value briefly peaked above $4 trillion on Wednesday before closing at about $3.97 trillion. It is worth more than the combined value of all publicly listed companies in the UK.

Nvidia's high-end processors are at the center of a race between Microsoft, Amazon, Alphabet, Meta Platforms and other Wall Street heavyweights to build AI data centers and dominate the emerging technology.

Nvidia is also exposed to conflict between Washington and Beijing over trade, including restrictions on exports to China of its most powerful chips.

"Trade tensions and tariffs are a risk, as is competition. Greater AI adoption could shift part of the demand toward cheaper alternatives," Swissquote Bank senior analyst Ipek Ozkardeskaya wrote in a client note.

Nvidia achieved a $1 trillion market value for the first time in June 2023 and tripled it in about a year, faster than Apple and Microsoft, the only other US firms with market values above $3 trillion.

Microsoft is the second most valuable US company, with a market capitalization of $3.73 trillion. Its shares dipped 0.4% on Thursday.

Apple's stock has tumbled 15% so far in 2025, leaving its market value at $3.17 trillion, reflecting investor worries that the iPhone maker has been slow to introduce AI into its products and services.

Even after its meteoric rally, Nvidia's stock is valued at about 33 times expected earnings, below its five-year average of 41, according to LSEG.