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This is a story about a ship that has been used as a floating bomb, as political leverage, 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’s a story about how an Islamist political organization 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.

And it’s 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:

• Ian Ralby, chief executive, IR Consilium

• Tomer Raanan, risk analyst, Lloyd’s List

Read the original article by Tomer Raanan here: https://www.lloydslist.com/LL1154126/Exclusive-How-a-UN-purchased-tanker-became-a-Houthi-floating-storage-facility-for-Russian-oil