Environment
Politics
Sinking of Rubymar risks environmental catastrophe
The sinking of a fertilizer-laden bulk carrier in the Red Sea threatens to cause untold damage to the local marine ecosystem.
The sinking of a fertilizer-laden bulk carrier in the Red Sea threatens to cause untold damage to the local marine ecosystem.
The Rubymar was carrying combustible fertilizer, which could potentially lead to an environmental catastrophe in the region.
Industry experts fear trade rerouting and new inflationary pressures, particularly impacting DAP fertilizer manufacturing.
India is waiting for 100,000 tonnes of fertilizers to be dispatched from Jordan and Israel.
The warning follows US and UK strikes on Houthi targets across Yemen.