Summary: Global commodity shipping rates are surging due to conflicts, sanctions, and increased output disrupting supply lines. Crude tanker rates rose 467%, LNG and iron ore rates increased fourfold and twofold, respectively. While shipping companies are experiencing a rare boom, they remain cautious about investing in fleet rejuvenation due to uncertain industry outlook.

Link: https://www.theedgesingapore.com/news/commodities/ship-rates-spiking-467-marks-upended-trade-across-commodities