Dry bulk shipping rates hit $80,000 per day.

Byline: S. Kamal Hayder Kazmi

Yet another sign of stress for energy supplies and global supply chains: Spot rates for large dry cargo ships just topped $80,000 per day for the first time since 2009, and freight derivatives for the fourth quarter - a period when rates for these vessels normally pull back - just spiked. Not long ago, it was a different story. On Sept. 20, headlines were dominated by Chinese property developer Evergrande and its impending collapse; fallout to construction and steel demand would assumedly hit future Chinese buying of commodities carried on dry...