Wall Street’s Metaverse Dreams Take A Hit!

Wall Street is convinced it's discovered the future of Silicon Valley. But early bets on the "metaverse" are running into some turbulence, reports CNN. About metaverse It's a virtual world in which people hang out, attend...

Why BA.2 Variant Is A Major Health Threat?

A new detailed study on the characteristics of the Omicron BA.2 variant by Japanese researchers has alarmingly found that the new variant is completely different from the initial Omicron BA.1 variant and is far...

Have We Tamed The Virus Enough To Become Endemic?

The first patients in the NHS are being offered a new drug to help treat Covid-19. As Covid treatments are changing, fewer patients are becoming seriously ill or dying, reports BBC. Evolution of covid At the...

Crude Oil Plunges To $2/b, Iran Deal Gets Closer

Crude oil futures were sharply lower in mid-morning Asian trade Feb. 17 as Iranian nuclear talks were nearing a deal. While US crude oil stocks unexpectedly rose last week. Physical crude, though, was...

GTT Tank Design Ordered By DSME for Maran Gas LNGCs

French LNG containment specialist GTT has received a tank design order for four new Maran Gas LNG carriers (LNGCs) from South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME). DSME is building these four...

Key Ports In The US Introduce New Queuing Process For Container Ships

On 16 November 2021, the Ports of Los Angeles and Long Beach introduced a new queuing process for Container Ships. On 10 January 2022, it was expanded to San Francisco Bay Area for...

2M Slot Charter To Be Replaced By Hapag-Lloyd’s Express China Loop

Hapag-Lloyd has reacted to the 2M’s decision to terminate its slot charter deals with rival carriers by launching a standalone China to North Europe loop. From April, Hapag-Lloyd will commence the direct service...

Crude Benchmarks Surge Amid Ukraine-Russia Tensions

Dated Brent rises above $100/b Crude futures later slip as US, Iran near agreement West skeptical as Russia says some troops withdrawn from border Crude price benchmarks climbed Feb. 16, with Dated Brent rising...

The Methanol Institute Welcomes Its New Member

Dutch terminal company Evos has joined the international Methanol Institute (MI) as part of its strategy to be a key partner in the energy transition. Frontrunner in the energy transition The company already has a strong...

New MR Tanker Design Use Fossil Fuels To Reach IMO 2050 Targets

An MR tanker, designed by Sweden’s FKAB Marine Design, has been granted approval in principle (AiP) by Italian classification society RINA, claimed as the first AiP of a design using currently viable technology and...