The FSO Safer Story: How the world gave the Houthis an oil tanker
Listen to the latest edition of the Lloyd’s List weekly podcast — your free weekly briefing on the stories shaping shipping
Lloyd’s List editor-in-chief Richard Meade and risk analyst Tomer Raanan bring you one of the most shocking maritime stories of the year
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THIS is a story about a ship that has been used as a floating bomb, as political leverage and as an environmental threat.
It’s a story about how the international community was convinced into raising $50m to buy a group designated by the US government as terrorists, a ship, and how that ship is being used today to store sanctioned Russian cargoes.
And it is a story about how an Islamist political organisation that emerged from Yemen in the 1990s, that barely registered on even regional risk lists a few years ago, has been allowed to rapidly evolve into a powerful military organisation apparently able to defy the combined naval protection capabilities of the Western world.
It is also a story about why that transformation is far from over — and why the threat to shipping is growing.
Joining Richard Meade to tell the FSO Safer story are:
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Ian Ralby, chief executive, IR Consilium
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Tomer Raanan, risk analyst, Lloyd’s List