This year's Annual Review reports strong financial results, continued strategic progress and enhanced support for shipowners operating in an increasingly complex and uncertain global environment.
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In this episode we speak to a company at the heart of a major operation to transfer more than a million barrels of oil from a decaying floating storage and offloading unit (FSO) off the coast of Yemen.
In this episode we speak to a company at the heart of a major operation to transfer more than a million barrels of oil from a decaying floating storage and offloading unit (FSO) off the coast of Yemen.
The operation to remove the oil from the FSO Safer was sanctioned by the United Nations and took place to prevent a major environmental disaster. It meant months of planning, as well as negotiations with the local Houthi leaders, to ensure the transfer could take place safely.
A team from SMIT Salvage, part of Boskalis, led the operation. We hear from Operations Manager, Paul Van ‘t Hof and Robert Meijer, Manager of Projects, who were both in Yemen as the transfer took place. We are also joined by Joseph Divis, Underwriting Director, Offshore & Renewables at NorthStandard, to look at how NorthStandard helped ensure this operation could take place.
Timestamps
01:52 North Standard's Role and Relationship with Smit Salvage
03:03 Challenges and Complexities of the FSO Safer Project
04:45 Security Concerns in a War Zone
06:01 Multi-Agency Coordination and Approval
09:27 Personal Reflections and Safety Measures
13:30 Technical Aspects of the Oil Transfer Operation
15:00 Execution and Completion of the Operation
18:42 Lessons Learned and Final Thoughts
A transcript of this episode can be accessed here.
