Fertiglobe does not expect the current geopolitical situation to significantly affect its business, because higher fertiliser costs have enabled the company to compensate for additional logistics expenses, its chief executive has said. The US-Israeli war on Iran has driven up transport costs for commodities, forcing producers such as Fertiglobe – the world’s largest seaborne exporter of urea and ammonia – to seek alternative routes. But with fertiliser prices rising in certain markets, Fertiglobe is making use of the additional income to absorb those extra costs, Ahmed El Hoshy told The National . Manus on Markets Tesla goes big on AI bet “We've done some pretty abnormal movements of vessels that we've never done before, and we've had vessels now go from Algeria to Australia and Nigeria to Australia,” he said. The company does not have any problem storing its products, Mr El Hoshy said. Normally, Fertiglobe's commodities are loaded on to ships in Abu Dhabi before crossing the ...