Shipping Rates Skyrocketing, As Demand for Goods Soar

Rising demand for everything from soybeans to steel has sent the cost of hauling dry goods soaring more than 50% this year.
Manufacturing, which first picked up in China, is now accelerating elsewhere, and countries are stepping up commodity purchases to rebuild stockpiles.
Analysts say the rally isn’t over, with rates to carry unpacked commodities like grains, iron ore and coal expected to remain high this year and possibly into 2022.A recent news article published in the Bloomberg Quint...