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

EUR -
AED 4.35335
AFN 77.050797
ALL 96.66512
AMD 452.977132
ANG 2.121943
AOA 1087.00321
ARS 1715.259993
AUD 1.706088
AWG 2.136666
AZN 2.019869
BAM 1.955701
BBD 2.406579
BDT 146.012629
BGN 1.990709
BHD 0.449077
BIF 3539.921292
BMD 1.18539
BND 1.513224
BOB 8.256583
BRL 6.231008
BSD 1.19484
BTN 109.724461
BWP 15.634211
BYN 3.403228
BYR 23233.647084
BZD 2.403079
CAD 1.614917
CDF 2684.909135
CHF 0.911322
CLF 0.026011
CLP 1027.058063
CNY 8.240537
CNH 8.248946
COP 4350.080393
CRC 591.67013
CUC 1.18539
CUP 31.412839
CVE 110.259434
CZK 24.334287
DJF 212.769259
DKK 7.470097
DOP 75.226202
DZD 154.463202
EGP 55.903178
ERN 17.780852
ETB 185.61503
FJD 2.613371
FKP 0.865849
GBP 0.861444
GEL 3.194674
GGP 0.865849
GHS 13.089339
GIP 0.865849
GMD 86.533903
GNF 10484.470707
GTQ 9.164537
GYD 249.97738
HKD 9.259024
HNL 31.537408
HRK 7.536597
HTG 156.372106
HUF 381.328619
IDR 19883.141804
ILS 3.663335
IMP 0.865849
INR 108.693763
IQD 1565.320977
IRR 49934.560565
ISK 144.985527
JEP 0.865849
JMD 187.240547
JOD 0.840489
JPY 183.456955
KES 154.262212
KGS 103.662825
KHR 4804.757439
KMF 491.93733
KPW 1066.851144
KRW 1719.768532
KWD 0.36382
KYD 0.99575
KZT 600.939662
LAK 25713.701882
LBP 106998.998316
LKR 369.511346
LRD 215.369127
LSL 18.971842
LTL 3.500149
LVL 0.717031
LYD 7.497621
MAD 10.838453
MDL 20.096985
MGA 5339.730432
MKD 61.636888
MMK 2489.708718
MNT 4227.553379
MOP 9.608515
MRU 47.674593
MUR 53.852723
MVR 18.32658
MWK 2071.895403
MXN 20.70407
MYR 4.672854
MZN 75.580924
NAD 18.971842
NGN 1643.520192
NIO 43.96778
NOK 11.437875
NPR 175.559137
NZD 1.964681
OMR 0.458017
PAB 1.19484
PEN 3.994898
PGK 5.114742
PHP 69.837307
PKR 334.289724
PLN 4.215189
PYG 8003.59595
QAR 4.35638
RON 5.097064
RSD 117.394074
RUB 90.535429
RWF 1743.311992
SAR 4.447217
SBD 9.544303
SCR 17.203132
SDG 713.016537
SEK 10.580086
SGD 1.506161
SHP 0.88935
SLE 28.834661
SLL 24857.038036
SOS 682.865527
SRD 45.104693
STD 24535.182964
STN 24.498763
SVC 10.454472
SYP 13109.911225
SZL 18.966043
THB 37.225573
TJS 11.153937
TMT 4.148866
TND 3.433027
TOP 2.854135
TRY 51.401485
TTD 8.11259
TWD 37.456003
TZS 3076.744675
UAH 51.211415
UGX 4271.784345
USD 1.18539
UYU 46.367659
UZS 14607.262574
VES 410.075543
VND 30749.020682
VUV 140.814221
WST 3.213333
XAF 655.923887
XAG 0.014004
XAU 0.000244
XCD 3.203577
XCG 2.153391
XDR 0.815759
XOF 655.923887
XPF 119.331742
YER 282.508153
ZAR 19.134414
ZMK 10669.938133
ZMW 23.448816
ZWL 381.695147
  • RIO

    -4.1000

    91.03

    -4.5%

  • SCS

    0.0200

    16.14

    +0.12%

  • CMSC

    0.0500

    23.76

    +0.21%

  • RBGPF

    1.3800

    83.78

    +1.65%

  • BTI

    0.4600

    60.68

    +0.76%

  • CMSD

    -0.0400

    24.05

    -0.17%

  • BCE

    0.3700

    25.86

    +1.43%

  • BCC

    0.5100

    80.81

    +0.63%

  • RELX

    -0.3700

    35.8

    -1.03%

  • RYCEF

    -0.4300

    16

    -2.69%

  • JRI

    0.1400

    13.08

    +1.07%

  • NGG

    0.2000

    85.27

    +0.23%

  • VOD

    -0.0600

    14.65

    -0.41%

  • BP

    -0.1600

    37.88

    -0.42%

  • AZN

    0.1800

    92.77

    +0.19%

  • GSK

    0.9400

    51.6

    +1.82%

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