Tankers seized in Yemen port, risking deeper import crisis - News Summed Up

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Tankers seized in Yemen port, risking deeper import crisis


Yemen is the poorest country on the Arabian peninsula and depends heavily on imports to feed its nearly 25 million people. "The vessels themselves are not under arrest but have unfortunately been caught up in a commercial dispute between cargo interests. The dispute is nothing to do with Ocean Tankers or our ships and we hope the dispute can be settled quickly," an Ocean Tankers spokesman said. Sources at the port of Hodeidah said CruGas and the Yemen Oil and Gas Company (YOGC) were in a payment dispute over the delivery of fuel. According to Reuters ship tracking data, the two vessels have been anchored off the coast of Yemen for several months.


Source: Egypt Independent September 15, 2016 11:15 UTC



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