How OSRA 22 Plans to Reform Maritime Practices
The Ocean Shipping Reform Act of 2022 (OSRA 22) was introduced this past June in attempts to address major concerns regarding unfair ocean freight practices. This is the first major revision of US maritime regulatory statuses since 1998. The OSRA 22 responds to complaints from US importers, exporters, and other interests who have experienced disruptions […]
Brenntag and Univar Hint at Merger Plans
In November of 2022, chemical industry giant Brenntag said it planned to double its annual spending on mergers and acquisitions, specifically noting the goal of consolidating the industry and improving technical capabilities. Now, Brenntag is reportedly in talks with Univar, the world’s third-largest chemical distributor, regarding a merger. This deal would combine two of the […]
Low Gas Prices Predicted to Go Lower
Gasoline prices are now lower than they were a year ago. With prices down from $3.80 a month ago, and analysts are predicting prices to dip even lower. Even with OPEC+ confirming their 2 million barrel a day production cut previously announced in October, oil prices have still fallen. Patrick De Haan, head of petroleum […]
Predictions of a Drier-Than-Average Winter
2022 marks the third consecutive winter in which La Niña has occurred, creating warmer-than-average temperatures in the Southwest and Gulf Coast. From December of 2022 lasting through February of 2023, the National Oceanic and Atmospheric Administration (NOAA) in association with the National Integrated Drought Information Systems (NIDIS) predicts drier-than-average conditions across the South with wetter-than-average […]
Mississippi River Levels Reach Historic Lows
Amid concerns for the water levels of the Rhine river in Germany, another equally concerning river phenomena is happening in America. In a part of the country where the norm is to be vigilant of major flood warnings, the Mississippi river water table has been creeping dangerously below passable levels. The water levels for this […]
