Shipping costs have soared over the last 18 months as bottlenecks in supply chains and increased consumer demand have put a strain on the shipping and logistics industry.  Adding further pressure is the fact that ships have been backlogged and sitting idle at various ports for months.  This will reduce the number of freight containers available which puts further pressure on freight prices. Using Refinitiv Eikon Workspace, we can look deeper into congestion levels at any port using the Interactive Map tool.  Specifically, we look at the Port of Los Angeles and Port of Long Beach, two of the most

The International Maritime Organization (IMO), which sets standards for marine fuel, will establish on Jan. 1 a new regulation that will significantly impact the shipping industry. Ships operating in non-emission-controlled areas will be required to reduce the sulphur content in marine fuel to 0.5% from 3.5% by weight. This is the second time in the last seven years that the sulphur cap has been reduced, the first being in 2012 when limits were reduced to 3.5% from 4.5%. The primary source for marine fuel is “bunker fuel,” a heavy residual fuel oil that is left over from the crude refining