ABU DHABI // The crew of a chemical tanker released by pirates off Somalia following seven weeks as hostages will be assessed for psychological trauma when the ship arrives in Fujairah over the weekend.
The Japanese-operated MT Irene, with a crew of 16 Filipinos and three Croatians, was released early yesterday after the pirates were paid a reported ransom of $1.6 million (Dh5.9m).
The Panamanian-flagged vessel is expected to arrive on the weekend at an anchorage off the Port of Fujairah, where the crew will be met by staff from the Philippine consulate in Dubai.
The MT Irene was heading to India on Aug 21 when it was captured by pirates in the Gulf of Aden, where pirates have attacked 26 vessels this year. The Irene is the first ship to be released since pirates triggered an international standoff by capturing the MV Faina, a Ukrainian ship transporting 33 T-72 tanks, rocket-propelled grenades and other weapons from the Ukraine to Kenya.
Sixty-seven Filipino sailors remain captive on five other hijacked ships. One Filipino sailor was killed aboard another ship, which was raided by pirates two days before MT Irene was captured.
Claro Cristobal, a spokesman for the Philippines' Department of Foreign Affairs, said the Irene's crew were safe. It was not known when the ship would arrive in Fujairah or how long the crew would stay there.
Benito Valeriano, the Philippines' consul general in Dubai, said the hostages would be given psychological tests and stress debriefings. "I will meet them once they arrive in Fujairah," he said.
Daniel Ridicki, a spokesman for the Croatian embassy in Egypt, said the embassy normally had responsibility for Somalia and the UAE but could not say if the Croats aboard the Irene would be met by consular staff at Fujairah.
The hijacking was "dealt with by another diplomatic channel," he said, but declined to offer further details. "Ever since we got the news the ship has been released, we have had no contact," he said.
"It's been dealt with by another channel and I'm not authorised to pass on information. We did what we could from Cairo."
Another ship captured on Aug 21 was released on Sept 11. The MV BBC Trinidad, a German-owned vessel with a Slovenian captain and a crew of 10 Filipinos and two Russians, had been held near the Somali town of Eyl and sailed to Port Qaboos in Oman after payment of a ransom reported to be $1.1m (Dh4m). On Aug 19, a Filipino sailor was killed when pirates boarded the Malaysian palm oil tanker MV Bunga Melati Dua, which had a crew of 10 Filipinos and 29 Malaysians.
None of the other hijackings have captured the world's attention like that of the MV Faina, which was captured on Sept 25 by a group that called itself the Central Regional Coast Guard.
The ship was pursued by US navy ships and then prevented from offloading part of its cargo in Somalia. Since the start of October, the MV Faina has been surrounded by six US ships and a missile frigate from the Russian navy.
The pirates, who claimed they were unaware of the cargo of tanks and armaments before raiding the ship, originally sought a ransom of $35m (Dh129m) but have since reduced their demands to $20m (Dh73m).
* With agencies
Safety 'top priority' for rival hyperloop company
The chief operating officer of Hyperloop Transportation Technologies, Andres de Leon, said his company's hyperloop technology is “ready” and safe.
He said the company prioritised safety throughout its development and, last year, Munich Re, one of the world's largest reinsurance companies, announced it was ready to insure their technology.
“Our levitation, propulsion, and vacuum technology have all been developed [...] over several decades and have been deployed and tested at full scale,” he said in a statement to The National.
“Only once the system has been certified and approved will it move people,” he said.
HyperloopTT has begun designing and engineering processes for its Abu Dhabi projects and hopes to break ground soon.
With no delivery date yet announced, Mr de Leon said timelines had to be considered carefully, as government approval, permits, and regulations could create necessary delays.
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%3Cp%3ECreated%20by%3A%20Darren%20Star%3C%2Fp%3E%0A%3Cp%3EStarring%3A%20Lily%20Collins%2C%20Philippine%20Leroy-Beaulieu%2C%20Ashley%20Park%3C%2Fp%3E%0A%3Cp%3ERating%3A%202.75%2F5%3C%2Fp%3E%0A
THE DRAFT
The final phase of player recruitment for the T10 League has taken place, with UAE and Indian players being drafted to each of the eight teams.
Bengal Tigers
UAE players: Chirag Suri, Mohammed Usman
Indian: Zaheer Khan
Karachians
UAE players: Ahmed Raza, Ghulam Shabber
Indian: Pravin Tambe
Kerala Kings
UAE players: Mohammed Naveed, Abdul Shakoor
Indian: RS Sodhi
Maratha Arabians
UAE players: Zahoor Khan, Amir Hayat
Indian: S Badrinath
Northern Warriors
UAE players: Imran Haider, Rahul Bhatia
Indian: Amitoze Singh
Pakhtoons
UAE players: Hafiz Kaleem, Sheer Walli
Indian: RP Singh
Punjabi Legends
UAE players: Shaiman Anwar, Sandy Singh
Indian: Praveen Kumar
Rajputs
UAE players: Rohan Mustafa, Ashfaq Ahmed
Indian: Munaf Patel
MATCH INFO
Champions League quarter-final, first leg
Ajax v Juventus, Wednesday, 11pm (UAE)
Match on BeIN Sports
Copa del Rey
Barcelona v Real Madrid
Semi-final, first leg
Wednesday (midnight UAE)
Match info
Uefa Champions League Group C
Liverpool v Napoli, midnight
Multitasking pays off for money goals
Tackling money goals one at a time cost financial literacy expert Barbara O'Neill at least $1 million.
That's how much Ms O'Neill, a distinguished professor at Rutgers University in the US, figures she lost by starting saving for retirement only after she had created an emergency fund, bought a car with cash and purchased a home.
"I tell students that eventually, 30 years later, I hit the million-dollar mark, but I could've had $2 million," Ms O'Neill says.
Too often, financial experts say, people want to attack their money goals one at a time: "As soon as I pay off my credit card debt, then I'll start saving for a home," or, "As soon as I pay off my student loan debt, then I'll start saving for retirement"."
People do not realise how costly the words "as soon as" can be. Paying off debt is a worthy goal, but it should not come at the expense of other goals, particularly saving for retirement. The sooner money is contributed, the longer it can benefit from compounded returns. Compounded returns are when your investment gains earn their own gains, which can dramatically increase your balances over time.
"By putting off saving for the future, you are really inhibiting yourself from benefiting from that wonderful magic," says Kimberly Zimmerman Rand , an accredited financial counsellor and principal at Dragonfly Financial Solutions in Boston. "If you can start saving today ... you are going to have a lot more five years from now than if you decide to pay off debt for three years and start saving in year four."
Zayed Sustainability Prize
UAE Rugby finals day
Games being played at The Sevens, Dubai
2pm, UAE Conference final
Dubai Tigers v Al Ain Amblers
4pm, UAE Premiership final
Abu Dhabi Harlequins v Jebel Ali Dragons
UAE currency: the story behind the money in your pockets
Your rights as an employee
The government has taken an increasingly tough line against companies that fail to pay employees on time. Three years ago, the Cabinet passed a decree allowing the government to halt the granting of work permits to companies with wage backlogs.
The new measures passed by the Cabinet in 2016 were an update to the Wage Protection System, which is in place to track whether a company pays its employees on time or not.
If wages are 10 days late, the new measures kick in and the company is alerted it is in breach of labour rules. If wages remain unpaid for a total of 16 days, the authorities can cancel work permits, effectively shutting off operations. Fines of up to Dh5,000 per unpaid employee follow after 60 days.
Despite those measures, late payments remain an issue, particularly in the construction sector. Smaller contractors, such as electrical, plumbing and fit-out businesses, often blame the bigger companies that hire them for wages being late.
The authorities have urged employees to report their companies at the labour ministry or Tawafuq service centres — there are 15 in Abu Dhabi.
The Travel Diaries of Albert Einstein The Far East, Palestine, and Spain, 1922 – 1923
Editor Ze’ev Rosenkranz
Princeton