The China Mail - Red Sea attacks latest threat to Yemen's decaying oil tanker

USD -
AED 3.672504
AFN 65.000368
ALL 81.652501
AMD 376.168126
ANG 1.79008
AOA 917.000367
ARS 1431.790402
AUD 1.425923
AWG 1.8025
AZN 1.70397
BAM 1.654023
BBD 2.008288
BDT 121.941731
BGN 1.67937
BHD 0.375914
BIF 2954.881813
BMD 1
BND 1.269737
BOB 6.889932
BRL 5.217404
BSD 0.997082
BTN 90.316715
BWP 13.200558
BYN 2.864561
BYR 19600
BZD 2.005328
CAD 1.36855
CDF 2200.000362
CHF 0.77566
CLF 0.021803
CLP 860.890396
CNY 6.93895
CNH 6.929815
COP 3699.522179
CRC 494.312656
CUC 1
CUP 26.5
CVE 93.2513
CZK 20.504104
DJF 177.555076
DKK 6.322204
DOP 62.928665
DZD 129.553047
EGP 46.73094
ERN 15
ETB 155.0074
EUR 0.846204
FJD 2.209504
FKP 0.73461
GBP 0.734457
GEL 2.69504
GGP 0.73461
GHS 10.957757
GIP 0.73461
GMD 73.000355
GNF 8752.167111
GTQ 7.647681
GYD 208.609244
HKD 7.81385
HNL 26.338534
HRK 6.376104
HTG 130.618631
HUF 319.703831
IDR 16855.5
ILS 3.110675
IMP 0.73461
INR 90.57645
IQD 1306.186308
IRR 42125.000158
ISK 122.710386
JEP 0.73461
JMD 156.057339
JOD 0.70904
JPY 157.200504
KES 128.622775
KGS 87.450384
KHR 4023.848789
KMF 419.00035
KPW 899.990005
KRW 1463.803789
KWD 0.30721
KYD 0.830902
KZT 493.331642
LAK 21426.698803
LBP 89293.839063
LKR 308.47816
LRD 187.449786
LSL 16.086092
LTL 2.95274
LVL 0.60489
LYD 6.314009
MAD 9.153622
MDL 17.000296
MGA 4426.402808
MKD 52.129054
MMK 2099.624884
MNT 3567.867665
MOP 8.023933
MRU 39.425769
MUR 46.060378
MVR 15.450378
MWK 1728.952598
MXN 17.263604
MYR 3.947504
MZN 63.750377
NAD 16.086092
NGN 1366.980377
NIO 36.694998
NOK 9.690604
NPR 144.506744
NZD 1.674621
OMR 0.383441
PAB 0.997082
PEN 3.354899
PGK 4.275868
PHP 58.511038
PKR 278.812127
PLN 3.56949
PYG 6588.016407
QAR 3.634319
RON 4.310404
RSD 99.268468
RUB 76.789716
RWF 1455.283522
SAR 3.748738
SBD 8.058149
SCR 13.84955
SDG 601.503676
SEK 9.023204
SGD 1.272904
SHP 0.750259
SLE 24.450371
SLL 20969.499267
SOS 568.818978
SRD 37.818038
STD 20697.981008
STN 20.719692
SVC 8.724259
SYP 11059.574895
SZL 16.08271
THB 31.535038
TJS 9.342721
TMT 3.505
TND 2.891792
TOP 2.40776
TRY 43.612504
TTD 6.752083
TWD 31.590367
TZS 2577.445135
UAH 42.828111
UGX 3547.71872
UYU 38.538627
UZS 12244.069517
VES 377.985125
VND 25950
VUV 119.182831
WST 2.73071
XAF 554.743964
XAG 0.012866
XAU 0.000202
XCD 2.70255
XCG 1.797032
XDR 0.689923
XOF 554.743964
XPF 100.858387
YER 238.403589
ZAR 16.04457
ZMK 9001.203584
ZMW 18.570764
ZWL 321.999592
  • SCS

    0.0200

    16.14

    +0.12%

  • RBGPF

    0.1000

    82.5

    +0.12%

  • NGG

    1.1700

    88.06

    +1.33%

  • VOD

    0.4900

    15.11

    +3.24%

  • GSK

    1.0600

    60.23

    +1.76%

  • RIO

    2.2900

    93.41

    +2.45%

  • BCC

    1.8700

    91.03

    +2.05%

  • RYCEF

    0.2600

    16.88

    +1.54%

  • CMSD

    0.0600

    23.95

    +0.25%

  • BCE

    -0.4900

    25.08

    -1.95%

  • RELX

    -0.7100

    29.38

    -2.42%

  • CMSC

    -0.0400

    23.51

    -0.17%

  • JRI

    0.0900

    12.97

    +0.69%

  • AZN

    5.8700

    193.03

    +3.04%

  • BP

    0.8400

    39.01

    +2.15%

  • BTI

    0.8400

    62.8

    +1.34%

Red Sea attacks latest threat to Yemen's decaying oil tanker
Red Sea attacks latest threat to Yemen's decaying oil tanker / Photo: © 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.

X.Gu--ThChM