Freight rates on notice after Rubymar sinks, first ship casualty of Red Sea crisis

The sinking of the UK-owned bulk carrier Rubymar after a Houthi missile strike off the coast of Yemen threatens to cause an environmental crisis in the southern Red Sea and heightens once again the risks of commodities shipping through the critical Bab al-Mandab Strait. The 32,211-dwt general cargo ship, which was carrying 18,000 mt of …

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