The Nautica, moored alongside the decaying FSO Safer, off Ras Isa, Yemen. Reuters
The Nautica, moored alongside the decaying FSO Safer, off Ras Isa, Yemen. Reuters
The Nautica, moored alongside the decaying FSO Safer, off Ras Isa, Yemen. Reuters
The Nautica, moored alongside the decaying FSO Safer, off Ras Isa, Yemen. Reuters

FSO Safer saga not over despite oil being offloaded, experts say


Nada AlTaher
  • English
  • Arabic

With almost all of the 1.14 million barrels of oil aboard the FSO Safer offloaded on to the crude carrier Nautica, experts are wondering what is next for the decaying tanker and its replacement.

So far, 94 per cent of the crude oil has been unloaded, Yemen's state news agency said. That equates to 1,083,285 barrels through 282 hours of work since the process began on July 25. According to the UN plan, the dilapidated Safer, which has remained unmaintained since the Houthi takeover of Sanaa in 2015, will then be cleaned and towed away for scrap.

But experts are not quite certain that the Safer's replacement is going to be an adequate solution in the long run.

“We are nearing the completion of an initial phase to avert the disaster that would've occurred if nothing had been done about the Safer but there is still much to do. In fact, this whole pan is only a temporary measure and right now there's no further step that's finalised by negotiations or planning,” maritime law expert Ian Ralby told The National.

“I think there's a lot of effort that needs to go into determining the best approach to get the oil off the water and replace the floating facility with a land based facility,” he said referring to now-abandoned plans to develop Ras Isa port into an oil terminal, as was originally planned before the war broke out.

Others, like Abdelwahad Al Obaly, a senior employee at the Safer company, raised concerns about Safer's replacement, the Nautica.

“The plan adopted to replace the FSO Safer with a ship that is 15 years old is inefficient from a technical and financial standpoint,” Abdelwahad Al Obaly, a senior employee at the Safer company, told The National.

“There are financial pitfalls in the future regarding the ship's maintenance, insurance and operation which become higher the older the ship is.”

Mr Al Obaly also warned about the harsh environmental conditions of Ras Isa, where the Safer is now moored.

Former head of Yemen's Environment Protection Agency Abdulqader Al Kharraz said that the 47 year-old Safer had been treated specifically to withstand these severe conditions.

Technicians climb the ladder of the Nautica, a replacement oil tanker for the decaying FSO Safer. Reuters.
Technicians climb the ladder of the Nautica, a replacement oil tanker for the decaying FSO Safer. Reuters.

“The water of the Red Sea is some of the saltiest in the world. Additionally, the seabed sediment type will eat away at a vessel's hull and the currents of the waters in Ras Isa are particularly fast and strong,” he said.

“The Safer went to Korea for a year for modifications and to convert it from a supertanker to a Floating Storage and Offloading (FSO) vessel. But we don't have enough information about how the Nautica was prepared for the conditions in Ras Isa,” he added, emphasising that the Nautica is not a new ship.

“Additionally, most ports don't accept vessels that are more than 20 years old. So the Nautica only has five more years left in its lifespan.”

Mr Al Kharraz was also not optimistic that the Nautica would depart Ras Isa sooner rather than later, mainly due to the UN handing over the replacement vessel to the Houthis, which they have renamed the Yemen.

Mr Al Kharraz said that the priority is to get the oil cargo away from the sea by ensuring the Nautica departs with the offloaded crude. “Otherwise, we will be in a scenario where two years later, the Houthis are asking the UN for more funds to maintain and operate the vessel.”

Still, Mr Ralby said it is important to “celebrate” that the immediate threat posed by the Safer is coming close to an end.

“The Nautica – now the Yemen – will hold the oil until we can decide what is best to do with it and how to proceed with a more permanent solution.”

Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

The specs: Audi e-tron

Price, base: From Dh325,000 (estimate)

Engine: Twin electric motors and 95kWh battery pack

Transmission: Single-speed auto

Power: 408hp

Torque: 664Nm

Range: 400 kilometres

While you're here
The%C2%A0specs%20
%3Cp%3E%3Cstrong%3EEngine%3A%3C%2Fstrong%3E%20Dual%20synchronous%20electric%20motors%20%20%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E646hp%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E830Nm%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3ETwo-speed%20auto%20(rear%20axle)%3B%20single-speed%20auto%20(front)%20%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh552%2C311%3B%20Dh660%2C408%20(as%20tested)%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3Enow%3C%2Fp%3E%0A
Labour dispute

The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.


- Abdullah Ishnaneh, Partner, BSA Law 

Top investing tips for UAE residents in 2021

Build an emergency fund: Make sure you have enough cash to cover six months of expenses as a buffer against unexpected problems before you begin investing, advises Steve Cronin, the founder of DeadSimpleSaving.com.

Think long-term: When you invest, you need to have a long-term mindset, so don’t worry about momentary ups and downs in the stock market.

Invest worldwide: Diversify your investments globally, ideally by way of a global stock index fund.

Is your money tied up: Avoid anything where you cannot get your money back in full within a month at any time without any penalty.

Skip past the promises: “If an investment product is offering more than 10 per cent return per year, it is either extremely risky or a scam,” Mr Cronin says.

Choose plans with low fees: Make sure that any funds you buy do not charge more than 1 per cent in fees, Mr Cronin says. “If you invest by yourself, you can easily stay below this figure.” Managed funds and commissionable investments often come with higher fees.

Be sceptical about recommendations: If someone suggests an investment to you, ask if they stand to gain, advises Mr Cronin. “If they are receiving commission, they are unlikely to recommend an investment that’s best for you.”

Get financially independent: Mr Cronin advises UAE residents to pursue financial independence. Start with a Google search and improve your knowledge via expat investing websites or Facebook groups such as SimplyFI. 

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THE%20SPECS
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Why%20all%20the%20lefties%3F
%3Cp%3ESix%20of%20the%20eight%20fast%20bowlers%20used%20in%20the%20ILT20%20match%20between%20Desert%20Vipers%20and%20MI%20Emirates%20were%20left-handed.%20So%2075%20per%20cent%20of%20those%20involved.%0D%3Cbr%3EAnd%20that%20despite%20the%20fact%2010-12%20per%20cent%20of%20the%20world%E2%80%99s%20population%20is%20said%20to%20be%20left-handed.%0D%3Cbr%3EIt%20is%20an%20extension%20of%20a%20trend%20which%20has%20seen%20left-arm%20pacers%20become%20highly%20valued%20%E2%80%93%20and%20over-represented%2C%20relative%20to%20other%20formats%20%E2%80%93%20in%20T20%20cricket.%0D%3Cbr%3EIt%20is%20all%20to%20do%20with%20the%20fact%20most%20batters%20are%20naturally%20attuned%20to%20the%20angles%20created%20by%20right-arm%20bowlers%2C%20given%20that%20is%20generally%20what%20they%20grow%20up%20facing%20more%20of.%0D%3Cbr%3EIn%20their%20book%2C%20%3Cem%3EHitting%20Against%20the%20Spin%3C%2Fem%3E%2C%20cricket%20data%20analysts%20Nathan%20Leamon%20and%20Ben%20Jones%20suggest%20the%20advantage%20for%20a%20left-arm%20pace%20bowler%20in%20T20%20is%20amplified%20because%20of%20the%20obligation%20on%20the%20batter%20to%20attack.%0D%3Cbr%3E%E2%80%9CThe%20more%20attacking%20the%20batsman%2C%20the%20more%20reliant%20they%20are%20on%20anticipation%2C%E2%80%9D%20they%20write.%0D%3Cbr%3E%E2%80%9CThis%20effectively%20increases%20the%20time%20pressure%20on%20the%20batsman%2C%20so%20increases%20the%20reliance%20on%20anticipation%2C%20and%20therefore%20increases%20the%20left-arm%20bowler%E2%80%99s%20advantage.%E2%80%9D%0D%3Cbr%3E%3C%2Fp%3E%0A
The five pillars of Islam

1. Fasting 

2. Prayer 

3. Hajj 

4. Shahada 

5. Zakat 

Haircare resolutions 2021

From Beirut and Amman to London and now Dubai, hairstylist George Massoud has seen the same mistakes made by customers all over the world. In the chair or at-home hair care, here are the resolutions he wishes his customers would make for the year ahead.

1. 'I will seek consultation from professionals'

You may know what you want, but are you sure it’s going to suit you? Haircare professionals can tell you what will work best with your skin tone, hair texture and lifestyle.

2. 'I will tell my hairdresser when I’m not happy'

Massoud says it’s better to offer constructive criticism to work on in the future. Your hairdresser will learn, and you may discover how to communicate exactly what you want more effectively the next time.

3. ‘I will treat my hair better out of the chair’

Damage control is a big part of most hairstylists’ work right now, but it can be avoided. Steer clear of over-colouring at home, try and pursue one hair brand at a time and never, ever use a straightener on still drying hair, pleads Massoud.

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UAE currency: the story behind the money in your pockets
Ashes 2019 schedule

August 1-5: First Test, Edgbaston

August 14-18: Second Test, Lord's

August 22-26: Third Test, Headingley

September 4-8: Fourth Test, Old Trafford

September 12-16: Fifth Test, Oval

UK's plans to cut net migration

Under the UK government’s proposals, migrants will have to spend 10 years in the UK before being able to apply for citizenship.

Skilled worker visas will require a university degree, and there will be tighter restrictions on recruitment for jobs with skills shortages.

But what are described as "high-contributing" individuals such as doctors and nurses could be fast-tracked through the system.

Language requirements will be increased for all immigration routes to ensure a higher level of English.

Rules will also be laid out for adult dependants, meaning they will have to demonstrate a basic understanding of the language.

The plans also call for stricter tests for colleges and universities offering places to foreign students and a reduction in the time graduates can remain in the UK after their studies from two years to 18 months.

UAE currency: the story behind the money in your pockets
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The specs

Engine: four-litre V6 and 3.5-litre V6 twin-turbo

Transmission: six-speed and 10-speed

Power: 271 and 409 horsepower

Torque: 385 and 650Nm

Price: from Dh229,900 to Dh355,000

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Updated: August 09, 2023, 2:24 PM