The first ship to sink as a result of Houthi rebel strikes is the Belize-flagged Rubymar, which descended into the depths of the Red Sea, officials announced Saturday.
The Houthi attacks have had international implications as major companies have started avoiding the crucial shipping lanes and opting for safer – but longer and more expensive – routes.
The sinking of the Rubymar comes as shipping through the crucial waterway for cargo and energy shipments moving from Asia and the Middle East to Europe has been affected by the Houthi attacks.
Already, many ships have turned away from the route. The sinking could see further detours and higher insurance rates put on vessels plying the waterway — potentially driving up global inflation and affecting aid shipments to the region.
The Rubymar will now rest beneath the waves:
BREAKING:
The British-owned bulk carrier Rubymar has now sunk…
