Dubai Telegraph - Red Sea attacks latest threat to Yemen's decaying oil tanker

EUR -
AED 4.215497
AFN 73.462725
ALL 95.928008
AMD 435.38919
ANG 2.054756
AOA 1052.582784
ARS 1600.600423
AUD 1.630858
AWG 2.066139
AZN 1.945141
BAM 1.955979
BBD 2.326279
BDT 141.692979
BGN 1.962039
BHD 0.433553
BIF 3424.584958
BMD 1.147855
BND 1.474824
BOB 7.980635
BRL 6.038896
BSD 1.155037
BTN 107.10294
BWP 15.663573
BYN 3.520513
BYR 22497.960723
BZD 2.322978
CAD 1.576946
CDF 2605.631197
CHF 0.911885
CLF 0.02664
CLP 1051.929343
CNY 7.889266
CNH 7.920711
COP 4256.327205
CRC 539.455155
CUC 1.147855
CUP 30.418161
CVE 110.287592
CZK 24.507399
DJF 205.680052
DKK 7.471418
DOP 69.830084
DZD 151.950765
EGP 59.967169
ERN 17.217827
ETB 180.34737
FJD 2.546861
FKP 0.861664
GBP 0.862998
GEL 3.116388
GGP 0.861664
GHS 12.590579
GIP 0.861664
GMD 84.940928
GNF 10122.911489
GTQ 8.846812
GYD 241.629498
HKD 8.990386
HNL 30.569792
HRK 7.539054
HTG 151.373537
HUF 392.265145
IDR 19474.510287
ILS 3.585463
IMP 0.861664
INR 107.020733
IQD 1512.909921
IRR 1509429.508194
ISK 143.4018
JEP 0.861664
JMD 181.352159
JOD 0.81381
JPY 182.55142
KES 148.475308
KGS 100.377518
KHR 4625.330309
KMF 491.281897
KPW 1033.055826
KRW 1721.811368
KWD 0.352093
KYD 0.962447
KZT 557.17297
LAK 24783.804292
LBP 103445.652394
LKR 359.638737
LRD 211.353296
LSL 19.279293
LTL 3.389317
LVL 0.694327
LYD 7.370152
MAD 10.808114
MDL 20.13788
MGA 4810.404492
MKD 61.670198
MMK 2410.196717
MNT 4116.027501
MOP 9.32411
MRU 46.099259
MUR 53.386504
MVR 17.745724
MWK 2002.784752
MXN 20.448655
MYR 4.521977
MZN 73.357263
NAD 19.279293
NGN 1564.446099
NIO 42.502224
NOK 10.991514
NPR 171.379291
NZD 1.974781
OMR 0.441344
PAB 1.154937
PEN 3.944161
PGK 4.983433
PHP 69.075658
PKR 322.652705
PLN 4.280128
PYG 7465.179606
QAR 4.19976
RON 5.097049
RSD 117.451962
RUB 98.721522
RWF 1685.984912
SAR 4.309636
SBD 9.23477
SCR 15.640114
SDG 689.861145
SEK 10.788909
SGD 1.472715
SHP 0.861189
SLE 28.295101
SLL 24069.960762
SOS 660.089851
SRD 42.901089
STD 23758.283866
STN 24.507049
SVC 10.105422
SYP 126.87101
SZL 19.284631
THB 37.748358
TJS 11.046763
TMT 4.017493
TND 3.398596
TOP 2.763759
TRY 50.873187
TTD 7.829149
TWD 36.694288
TZS 2981.553918
UAH 50.79373
UGX 4344.890054
USD 1.147855
UYU 46.769581
UZS 14083.885094
VES 517.617056
VND 30177.111603
VUV 137.063567
WST 3.136193
XAF 656.145717
XAG 0.016464
XAU 0.000248
XCD 3.102136
XCG 2.081445
XDR 0.816077
XOF 656.148576
XPF 119.331742
YER 273.84957
ZAR 19.355157
ZMK 10332.070799
ZMW 22.586595
ZWL 369.608886
  • RBGPF

    0.1000

    82.5

    +0.12%

  • CMSC

    0.0650

    22.895

    +0.28%

  • NGG

    -1.9600

    85.44

    -2.29%

  • AZN

    -0.7200

    187.7

    -0.38%

  • BCC

    -2.2350

    69.605

    -3.21%

  • BTI

    -0.0400

    58.05

    -0.07%

  • GSK

    -0.0100

    52.05

    -0.02%

  • BCE

    0.0850

    25.835

    +0.33%

  • RELX

    -0.0100

    33.85

    -0.03%

  • JRI

    -0.0930

    12.23

    -0.76%

  • RYCEF

    -0.7500

    15.85

    -4.73%

  • CMSD

    0.0220

    22.912

    +0.1%

  • RIO

    -3.5300

    84.19

    -4.19%

  • VOD

    -0.0700

    14.3

    -0.49%

  • BP

    1.9150

    46.525

    +4.12%

Red Sea attacks latest threat to Yemen's decaying oil tanker
Red Sea attacks latest threat to Yemen's decaying oil tanker / Photo: MOHAMMED HUWAIS - AFP

Red Sea attacks latest threat to Yemen's decaying oil tanker

Mounting maritime security threats off Yemen's coast have stalled work on scrapping a decrepit oil tanker, officials have told AFP, jeopardising a rare success story in the war-torn country.

Text size:

The FSO Safer, a 48-year-old vessel with a corroding hull, was for years described as a "ticking time bomb", going unserviced as fighting raged in Yemen and fears grew that a leak or on-board explosion could release its 1.14 million barrels of crude into the Red Sea.

But last August, the United Nations announced the completion of a complex transfer of the oil to a new vessel, a crucial step in staving off an environmental and economic calamity.

The UN said at the time that completing the project would involve towing and scrapping the Safer, which still posed "a residual environmental threat, holding viscous oil residue and remaining at risk of breaking apart".

However, after delays over a $22 million funding shortfall and other challenges, security in the Red Sea has deteriorated dramatically, a knock-on effect of the conflict between Israel and Hamas triggered by the militant group's unprecedented attacks on southern Israel on October 7.

Iran-backed Huthi forces, which control the capital Sanaa and the waters where the Safer is located, began attacking Red Sea shipping in November, and the United States has carried out several rounds of strikes on Huthi targets this month along with two joint operations with Britain.

The situation has "resulted in unforeseen operational and financial challenges" for the Safer project, making it difficult to move forward, a spokesperson for the UN Development Programme told AFP.

"After much consideration, the UN had no option but to pause the project at this time and has informed the authorities accordingly," the spokesperson said.

"We continue to follow developments on the ground very carefully and closely."

Edrees al-Shami, the Sanaa-appointed executive general manager of SEPOC, the Yemeni oil and gas company, said there was a "big risk" of the ships being struck by a stray missile as Huthi-controlled areas come under attack.

- Peace talks in peril -

Completing the Safer project was always expected to be complicated because of Yemen's war, which has killed hundreds of thousands of people, either directly in the fighting or indirectly as a result of war-induced shortages.

It pits the Huthis, who took control of Sanaa in 2014, against a Saudi-led coalition supporting the internationally recognised government based in the southern city of Aden.

Though a six-month truce that took effect in April 2022 has largely held, analysts say the recent regional turmoil threatens efforts to secure a durable ceasefire.

The Huthis say their activities in the Red Sea are aimed at Israeli-linked vessels in support of Palestinians in Gaza, where Israel's withering retaliatory campaign against Hamas has killed more than 25,000 people, mostly women and children, according to the Gaza health ministry.

The October 7 attacks resulted in the deaths of about 1,140 people, mostly civilians, according to an AFP tally based on official Israeli figures.

The Huthis have also declared American and British interests to be legitimate targets.

The group "will use all cards at their disposal to tarnish this US-led coalition", said Bader al-Saif of Kuwait University.

A delay for the Safer project "fits into the anti-US propaganda (the Huthis) are good at assembling".

- Who owns the oil? -

Yemen's rival authorities in Sanaa and Aden are at odds over who owns the oil that was on the Safer as well as the new tanker that now holds it, the MT-Yemen.

The Huthis have previously said they want to sell the oil and use the revenue to cover their employees' salaries.

They have also called for the completion of onshore storage facilities that could potentially hold the crude.

Under the terms of the handover deal announced last summer, the MT-Yemen was to be managed by a UN-contracted firm for at least six months.

But Shami, the Sanaa-appointed executive general manager of SEPOC, told AFP thefirm "wants to leave the vessel due to the recent developments in the region".

The UN says the crew is due to leave under the terms of its contract but that the MT-Yemen remains under the firm's management.

Shami raised the possibility that SEPOC "will have to take over management" of the vessel, a development sure to rile the government in Aden, which does not acknowledge Shami's authority and has named its own executive general manager of SEPOC.

Other steps yet to be completed include tethering an anchored buoy to the MT-Yemen, for stability and to aid the eventual offloading, and inspecting the underwater pipeline that stretched from Yemeni soil to the Safer and will later be connected to the MT-Yemen, Shami said.

All of these are "integral" to the project, he said.

"If the UN fails to support operating the vessel properly, MT-Yemen will be FSO Safer the sequel," he said.

S.Mohideen--DT