UN secures insurance for deteriorating oil tanker in Yemen

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UN secures insurance for deteriorating oil tanker in Yemen

STORY: UN secures insurance for deteriorating oil tanker in Yemen DATELINE: June 14, 2023 LENGTH: 00:01:50 LOCATION: Sanaa CATEGORY: ENVIRONMENT SHOTLIST: 1. various of the FSO Safer 2. various of the workers hired by the UN conducting preparation work for a ship-to-ship oil transfer plan STORYLINE: The United Nations Development Programme (UNDP) announced on Monday that it has secured insurance for the FSO Safer, a decaying oil tanker moored off the coast of Yemen. The tanker, which carries 1.14 million barrels of oil and anchors in the Red Sea off the coast of Hodeidah, has not undergone maintenance since 2015 due to Yemen's civil war. The insurance, which was arranged by insurance broker Howden, will cover the cost of any loss or damage that might occur during the transfer of oil from the FSO Safer to another tanker, the UNDP said in a press release on its website. "Insurance became a critical element of enabling this salvage operation to proceed," UNDP Administrator Achim Steiner was quoted

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