Fertilizer Ships Rerouted from Red Sea: Govt

By By Rediff Money Desk, NEWDELHI
Feb 06, 2024 19:30
India has rerouted 7 ships carrying fertilizers from the Red Sea due to security concerns. The government is monitoring the situation and has set up a committee to address the Red Sea crisis.
New Delhi, Feb 6 (PTI) The government on Tuesday said that seven ships carrying fertilisers have been rerouted from the Red Sea so far due to disturbances.

In a written reply to the Rajya Sabha, Minister of State for Chemicals and Fertilizers Bhagwanth Khuba said the Department of Fertilizers is regularly monitoring the status of fertiliser ships in close coordination with the Ministry of Ports, Shipping and Waterways, Ministry of Defence, Ministry of External Affairs and Indian Navy to provide security to the shipments carrying fertilisers to India.

"So far, 7 ships carrying Fertilisers have been rerouted from the Red Sea.

"Further, in the light of ongoing disturbances in the Red Sea, a committee has been constituted in the department to examine the matters related to the Red Sea Crisis," the minister said.

India imports fertilisers to meet its needs.

Khuba informed that a Fertilizer Control Room (FCR) has also been set up in the Department of Fertilizers, wherein fertiliser companies, which are facing problems due to the Red Sea crisis, may report their issues.

The issues reported by the companies are placed before the committee for necessary action, he added.

In 2022-23, the domestic production of fertilisers stood at 485.29 lakh tonnes, while imports were 187.81 lakh tonnes. The total demand for fertilisers stood at 628.26 lakh tonnes last fiscal.

The situation around the Bab-el-Mandeb Strait, a crucial shipping route for traders connecting the Red Sea and the Mediterranean Sea to the Indian Ocean, has escalated due to attacks by Yemen-based Houthi militants in December 2023.

Because of this, the shipping costs have jumped, and the consignments are taking more time to reach Europe and the US as the ships are taking the Cape of Good Hope route, encircling Africa.
Read More On:
fertilizerred seashipsreroutedgovernmentsecurityindiafertilizer importsshippinghouthi militantsbab-el-mandeb strait
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.

You May Like To Read

MORE NEWS

India AI Strength: Pradhan on Diversity &...

India's diversity is a strength in the AI era, says Minister Pradhan. Solutions built...

ITC Hotels to Expand Storii Brand at Wildlife...

ITC Hotels plans to open four Storii by ITC Hotels properties at wildlife destinations...

Lodha & MRG Group: Gurugram Projects, Rs 3600...

Lodha Developers partners with MRG Group to develop two projects in Gurugram with Rs...

AI Regulation: Govt Favors Existing Laws

Government prefers using existing laws like DPDP Act for AI regulation, focusing on...

Crude Oil Futures Decline on Weak Spot Demand

Crude oil futures fell on MCX due to weak spot demand. January delivery down Rs 2....

Bullion Rates Today: Gold & Silver Prices

Check today's opening bullion rates in Chennai. Gold (22K, 18K) and silver prices per...

B Sairam Appointed Coal India CMD

B Sairam assumes charge as Chairman and Managing Director of Coal India Limited (CIL)....

Google AI Push: Funding for Health & Agriculture

Google commits millions to India AI Centers for health, agriculture, education, and...

Indian Investors Diversifying into Global Markets

Indian investors are increasingly diversifying into US equities, ETFs, private markets,...

AI Stewardship Needed: IBM India MD

IBM India MD Sandip Patel calls for AI stewardship over hype, emphasizing safety,...

Read More »

Sectoral Indices Market Indicators Listed Companies Gainers Losers Mutual Funds Portfolio Watchlist
© 2025 Rediff.com