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.
Ocean Drover on fire, image (c) Capt.Igor Kondranin/gCaptain
MV Ocean Drover, the world’s largest, purpose-built livestock carrier caught fire this morning at 0900 local time while docked in Fremantle, Western Australia today. The fire started in the ship’s accommodation area and one crew member is being treated ashore for burns and three others are under observation by doctors in Fremantle according to ship owner Wellard Group.

As of noon, the firefighting effort and response by local authorities was still ongoing, but was contained to the bridge and accommodation area. The owner notes that no livestock were on board the vessel at the time of the fire and the ship was preparing to load cattle for transport to Indonesia early next week.

Update: Igor Kondranin, the captain of a ship nearby the Ocean Drover sends us the following update: “It seems for now fire is extinguished. Fire brigades are continue to cooling bridge and superstructure.”
Here’s a shot of the fire fighting efforts from shore.

The MV Ocean Drover is capable of transporting 75,000 sheep or 18,000 cattle to major markets around the globe.
Vessel particulars:
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