Ship Rates Spiking 467% Marks Upended Trade Across Commodities
Rates to ship commodities from energy to bulk ores across the world’s oceans are heading for a rare year-end surge as conflicts, sanctions, and swelling output upend global supply lines.
Nearly 300 cows were stuck on board the Mathew Flinders when it ran aground on Kings Island just off of Tasmania, Australia late Monday night. Initial attempts to refloat the cattle vessel were unsuccesful. After about 24 hrs, the cows were offloaded via the ships rear loading ramp where they were herded together onshore. One cow was reported to have perished in the offloading when it tried to swim out to sea.
According to The Mercury.com.au “the difficulties highlighted the frustrations associated with shipping 1000 animals a week,” but I’m sure the crew of some of those cattle vessles will tell you of different frustrations.
Image via TheMercury.com.au
Sign up for gCaptain’s newsletter and never miss an update
Subscribe to gCaptain Daily and stay informed with the latest global maritime and offshore news
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up