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The recent spike in attacks on tankers near the Persian Gulf is inflating insurance premiums for ships transiting through the wider Middle East, increasing the cost of transporting oil from the region.
Insurance rates for crude oil tankers loading in the Middle East are now up to 20 times higher following the latest attacks.
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DUBAI (Reuters) – The two oil tankers crippled in attacks in the Gulf of Oman last week that Washington and Riyadh have blamed on Iran are being assessed off the coast off the United Arab Emirates before their cargos are unloaded, the ships’ operators said on Sunday.
Damage assessment on Japan’s Kokuka Courageous and preparation for ship-to-ship transfer of its methanol cargo would start after authorities in Sharjah, one of the UAE’s seven emirates, complete security checks, Bernhard Schulte Shipmanagement said.
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Western commercial oil exploration in disputed areas of Somalia and discrepancies over which authorities can issue licenses to companies could spark further conflict in the African nation, U.N. monitors warned in a confidential report.
In the U.N. Monitoring Group’s latest annual report to the Security Council’s sanctions committee on Somalia and Eritrea, the experts said the Somali constitution gives considerable autonomy to regional governments to enter commercial oil deals.
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The US military has released a video which it says shows Iran’s Revolutionary Guard removing an unexploded mine from the side of an oil tanker damaged in an attack in the Gulf of Oman on Thursday.
US officials also shared a photo of the Japanese tanker, apparently showing the unexploded mine before it was removed.
A Norwegian tanker was also damaged.
The US accused Iran of being behind the mine attacks. Iran said it “categorically rejects” the allegation.
The blasts came a month after four oil tankers were damaged in an attack off the coast of the United Arab Emirates. The US blamed Iran for that attack, but did not produce evidence. Iran also denied those accusations.
Tensions between the two countries have escalated significantly since US President Donald Trump took office in 2017. He abandoned a nuclear deal that was brokered by the Obama administration and imposed heavy sanctions on Iran.
Oil prices jumped as much as 4% after Thursday’s incident. The Gulf of Oman lies at one end of a vital shipping lane through which a third of the world’s transported oil – worth hundreds of millions of dollars – passes every year.
According to the US account of events, US naval forces in the region received distress calls from the Norwegian-owned Front Altair at 06:12 local time (02:13 GMT) and from the Kokuka Courageous at 07:00, following explosions, and moved towards the area.
It said the USS Bainbridge observed Iranian naval boats operating in the area in the hours after the explosions, and later removing the unexploded mine from the side of the Kokuka Courageous.
The crews of both vessels were evacuated to other ships nearby. Both Iran and the US later released pictures showing rescued crew members on board their vessels.
The operator of the Kokuka Courageous, BSM Ship Management, said its crew abandoned ship after observing a fire and an unexploded mine.
The Kokuka Courageous was about 20 miles off the Iranian coast when it sent its emergency call.
The Front Altair was carry naphtha, a petrol product, from the United Arab Emirates to Taiwan. The Kokuka Courageous was carrying methanol from Saudi Arabia to Singapore.
US Secretary of State Mike Pompeo said at a news conference in Washington: “It is the assessment of the United States that the Islamic Republic of Iran is responsible for the attacks.
“This assessment is based on intelligence, the weapons used, the level of expertise needed to execute the operation, recent similar Iranian attacks on shipping, and the fact that no proxy group operating in the area has the resources and proficiency to act with such a high degree of sophistication.”
UK Foreign Secretary Jeremy Hunt said his country’s “starting point” was to “believe our US allies”.
“We are taking this extremely seriously and my message to Iran is that if they have been involved it is a deeply unwise escalation which poses a real danger to the prospects of peace and stability in the region,” Mr Hunt said.
In a statement released on Friday, the Iranian mission to the United Nations said it rejected what it called an “unfounded” and “Iranophobic” allegation by the US.
“Iran categorically rejects the US’ unfounded claim with regard to 13 June oil tanker incidents and condemns it in the strongest possible terms,” the statement said.
Foreign Minister Javad Zarif on Twitter accused the US of making an allegation “without a shred of factual or circumstantial evidence” and attempting to “sabotage diplomacy”.
The alleged attacks took place as Iran’s Supreme Leader Ayatollah Ali Khamenei was meeting Japan’s Prime Minister Shinzo Abe during a two-day visit by Mr Abe to Iran.
Source: bbc.co.uk
Issues related to human and drug trafficking, maritime piracy and the legal aspects of combating these challenges are being discussed by experts at the Maritime Information Sharing Workshop, (MISW).
Stressing on the need for greater maritime collaboration, Deputy Chief of the Naval Staff Vice Admiral MS Pawar said there is a need to forge bonds based on trust, between partner countries in the region.
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Source: financialexpress.com
Dozens of crew members have been rescued after abandoning two oil tankers hit by explosions in the Gulf of Oman.
Ship operators said 21 crew on board the Kokuka Courageous and 23 on the Front Altair had been evacuated.
Iran rescued the 44 after an “accident”, state media said, although the cause is unconfirmed. The US Navy said it received two distress calls.
The incident comes a month after four oil tankers were attacked off the UAE.
Oil prices rose as much as 4.5% from a near five-month low following Thursday’s incident, Bloomberg reports.
The cause remains unclear.
The Norwegian-owned Front Altair had been “attacked”, the Norwegian Maritime Authority said, leading to three explosions on board.
Wu I-fang, a spokesman for Taiwan’s state oil refiner CPC Corp, which chartered the Front Altair, said it was carrying 75,000 tonnes of naphtha and was “suspected of being hit by a torpedo”, although this has not been confirmed. Other unverified reports suggested a mine attack.
The ship’s owner, Frontline, said the Marshall Islands-flagged vessel was on fire but denied reports on Iran media it had sunk.
The operator of the Panama-flagged Kokuka Courageous, BSM Ship Management, said its crew abandoned ship and were rescued by a passing vessel.
The tanker was carrying methanol and was not in danger of sinking, a spokesman said.
It is currently located about 80 miles from Fujairah in the UAE and 16 miles from Iran. The cargo remains intact.
Iranian state media said Iran had rescued the crew members and they had been taken to the port of Jask.
Iranian Foreign Minister Mohammad Javad Zarif tweeted that the incident happened as Japanese PM Shinzo Abe was meeting Iran’s supreme leader, Ayatollah Ali Khamenei, adding: “Suspicious doesn’t begin to describe what likely transpired this morning.”
The vessels were carrying what Japan trade officials said was “Japan-related cargo”.
The initial reports of the blasts came through the Royal Navy-linked UK Maritime Trade Operations (UKMTO) safety group, which issued a warning, urging “extreme caution” in the area.
The US 5th Fleet, based in Bahrain, said it had sent the USS Bainbridge to assist.
Spokesman Josh Frey said in a statement: “US naval forces in the region received two separate distress calls at 06:12 local time (03:12 GMT) and a second one at 07:00.”
The Gulf of Oman lies at one end of the strategic Strait of Hormuz, and this incident will further increase tension in a vital shipping lane through which hundreds of millions of dollars of oil pass.
The US sent an aircraft carrier strike group and B-52 bombers to the region at the start of May in response to what it said was an unspecified plan by Iran-backed forces to attack US forces in the area.
President Donald Trump has taken a hard line towards Iran, accusing it of being a destabilising force in the Middle East.
Iran rejected the claims and has accused the US of aggressive behaviour.
Those tensions rose markedly after the 12 May limpet mine attacks on four tankers off the UAE.
The UAE blamed an unnamed “state actor”. The US said that actor was Iran, an accusation Tehran has denied.
While it is unclear why Iran would carry out a relatively low-level attack on the multinational tankers, observers have speculated that it could have been to send a signal to forces ranged against it that it is capable of disrupting shipping there without triggering a war.
Source: bbc.co.uk
MANILA, Philippines — The Philippine Marines Corps (PMC) is sending another battalion to Sulu to help in the operations against Abu Sayyaf bandits in the province and nearby areas.
Capt. Felix Serapio Jr., PMC spokesman, said the 8th Marine Battalion Landing Team (MBLT-8) is ready for deployment in Sulu after a nine-month training in Manila.
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COLOMBO, June 11 (Xinhua) — Sri Lanka’s leading tour operators said on Tuesday that luxury cruise ships have begun calling at Sri Lanka’s ports following the improved security situation in the island country after the Easter terror attacks on April 21 which killed over 250 people.
Aitken Spence Maritime, agents for Hapag-Lloyd, was quoted by local media as saying that the shipping groups MS Europa 2 cruise ship called at Sri Lanka’s Colombo Port in the capital and Hambantota port in the south recently with 309 passengers and 356 crew onboard.
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Indian leader Narendra Modi on Saturday inaugurated a coastal radar system and military training center in the Maldives on Saturday, as New Delhi seeks to fend off Chinese influence in the strategically-placed nation
The Maldives, a low-lying archipelago of more than a thousand tiny coral islands south of the Indian subcontinent, straddles the world’s busiest east-west maritime route.
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Source: english.alarabiya.net
By Teofilo Garcia, Jr.
ZAMBOANGA CITY — Police arrested Wednesday three members of the Abu Sayyaf Group (ASG) in this southern port city.
The Police Regional Office-9 (PRO-9) identified the arrested ASG members as Jamik Ibrahim, Majuk Amil, and Hasim Aming. Ibrahim and Amil were arrested in Barangay Arena Blanco, while Aming in Magay, Barangay Zone 1.
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