Footage shows the sea drone approaching the oil tanker in the Kerch Strait on Friday night. Photo: Dimko Zhluktenko @dim0kq
Footage shows the sea drone approaching the oil tanker in the Kerch Strait on Friday night. Photo: Dimko Zhluktenko @dim0kq
Footage shows the sea drone approaching the oil tanker in the Kerch Strait on Friday night. Photo: Dimko Zhluktenko @dim0kq
Footage shows the sea drone approaching the oil tanker in the Kerch Strait on Friday night. Photo: Dimko Zhluktenko @dim0kq

Ukrainian kamikaze sea drone attacks Russian tanker just hours after warship was hit


Tariq Tahir
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A Russian oil tanker has been damaged by a Ukrainian kamikaze sea drone, just hours after a warship was hit in a similar attack.

The SIG vessel was approaching the Kerch Strait when an explosion was heard. The incident closed the strategic bridge linking Russia to occupied Crimea for several hours.

The ship was hit around 11.20pm on Friday and was holed in the engine room near the waterline, “presumably as a result of an attack by a marine drone”, said Russia's Federal Agency for Sea and Inland Water Transport.

Footage from on-board the sea drone showed it weaving its way past another ship before it struck the tanker.

The agency said the SIG was still afloat and an oil boom had been placed around the vessel, to prevent any leaks spreading, as preparations started to patch the damage.

The attack came after the Olenegorsky Gornyak, a Russian navy landing vessel, was hit in the early hours of Friday.

Ukraine rarely confirms attacks on targets inside Russia but a source said the country’s SBU security service said the SIG was hit in “another successful special operation jointly with the Navy”.

The vessel is currently under US sanctions for helping to provide jet fuel to Russian forces in Syria.

Vladimir Rogov, a Russian-appointed official in Ukraine's southeastern region of Zaporizhzhia, posted on Telegram an audio clip in which the SIG requested a tow from tugboats.

He also posted pictures of what he described as shattered fixtures and equipment inside the vessel.

Yesterday footage was released showing the moment the Olenegorsky Gornyak was hit in a drone attack conducted over 700km of open water.

The attack, in darkness off the eastern port of Novorossiysk, caused the 2,000-tonne vessel to list heavily to port.

The Ukraine-built drones carry a warhead of up to 450kg, similar to that of an anti-ship or surface-to-surface Iskander missile, giving them the ability to cause severe damage.

Costing an estimated $250,000 each, the boats can travel up to 800 kilometres carrying a warhead that can prove devastating against a warship’s bulkhead.

The drones, built exclusively in Ukraine, resemble 5m-long canoes and are controlled by a special technology centre with joysticks, levers and a screen monitor showing live footage from its mounted camera.

Footage taken from a sea drone as it attacked the 'Olenegorsky Gornyak' near the port of Novorossiysk on Friday. Reuters
Footage taken from a sea drone as it attacked the 'Olenegorsky Gornyak' near the port of Novorossiysk on Friday. Reuters

Weighing about 1,000kg, the boats can achieve a maximum speed of the 80 kph and because they are very low in the water, they are extremely difficult for a warship’s radar to detect until they are very close.

Naval expert Dr Sidharth Kaushal told The National that international shipping will have to take new measures to ward off kamikaze sea drone attacks.

Dr Kaushal said the new development “poses challenges for the Russians tactically and in terms of the broader international ramifications, these are not insignificant”.

“It only needs one to get through,” added Dr Kaushal, the lead navy expert at the Rusi defence and security think tank.

History's medical milestones

1799 - First small pox vaccine administered

1846 - First public demonstration of anaesthesia in surgery

1861 - Louis Pasteur published his germ theory which proved that bacteria caused diseases

1895 - Discovery of x-rays

1923 - Heart valve surgery performed successfully for first time

1928 - Alexander Fleming discovers penicillin

1953 - Structure of DNA discovered

1952 - First organ transplant - a kidney - takes place 

1954 - Clinical trials of birth control pill

1979 - MRI, or magnetic resonance imaging, scanned used to diagnose illness and injury.

1998 - The first adult live-donor liver transplant is carried out

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Other ways to buy used products in the UAE

UAE insurance firm Al Wathba National Insurance Company (AWNIC) last year launched an e-commerce website with a facility enabling users to buy car wrecks.

Bidders and potential buyers register on the online salvage car auction portal to view vehicles, review condition reports, or arrange physical surveys, and then start bidding for motors they plan to restore or harvest for parts.

Physical salvage car auctions are a common method for insurers around the world to move on heavily damaged vehicles, but AWNIC is one of the few UAE insurers to offer such services online.

For cars and less sizeable items such as bicycles and furniture, Dubizzle is arguably the best-known marketplace for pre-loved.

Founded in 2005, in recent years it has been joined by a plethora of Facebook community pages for shifting used goods, including Abu Dhabi Marketplace, Flea Market UAE and Arabian Ranches Souq Market while sites such as The Luxury Closet and Riot deal largely in second-hand fashion.

At the high-end of the pre-used spectrum, resellers such as Timepiece360.ae, WatchBox Middle East and Watches Market Dubai deal in authenticated second-hand luxury timepieces from brands such as Rolex, Hublot and Tag Heuer, with a warranty.

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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

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Date started: 2012

Founder: Amir Barsoum

Based: Dubai, UAE

Sector: HealthTech / MedTech

Size: 300 employees

Funding: $22.6 million (as of September 2018)

Investors: Technology Development Fund, Silicon Badia, Beco Capital, Vostok New Ventures, Endeavour Catalyst, Crescent Enterprises’ CE-Ventures, Saudi Technology Ventures and IFC

Updated: August 05, 2023, 10:48 AM