An oil tanker sits anchored off the Fos-Lavera oil hub near Marseille, France. Reuters, file
An oil tanker sits anchored off the Fos-Lavera oil hub near Marseille, France. Reuters, file
An oil tanker sits anchored off the Fos-Lavera oil hub near Marseille, France. Reuters, file
An oil tanker sits anchored off the Fos-Lavera oil hub near Marseille, France. Reuters, file

Gunfight at sea as pirates try to storm tanker off Yemen coast


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Armed pirates attacked a British-flagged chemical tanker in the Gulf of Aden on Sunday but were repulsed, the ship's manager Stolt Tankers said.

The pirates approached the Stolt Apal in two speedboats some 75 nautical miles off Yemen, it said, in one of the most important trade routes for oil heading from the Middle East to Europe.

"After multiple warning shots were fired by the armed guard team aboard Stolt Apal, the skiffs opened fire on the ship. The armed guard team returned fire, disabling one skiff and ending the pursuit," a company spokesman told Reuters.

"A coalition warship [also] responded and Stolt Apal has resumed her voyage," the spokesman said.

He did not specify which coalition was meant, but maritime security sources said the vessel had been sailing through a transit corridor patrolled by international naval forces due to the high risk of attack.

The spokesman said the ship's bridge had sustained minor damage from bullets but that there were no injuries. None of the ship's cargo was damaged.

British officials were not immediately available for comment. Stolt Tankers is a subsidiary of Norwegian listed Stolt-Nielsen.

Many vessels transiting the Gulf of Aden have armed guards abroad because of the threat of piracy.

Merchant ships have been attacked in recent years in the Gulf of Aden and the Bab Al Mandeb waterway by armed gangs as well as militant groups such as Al Qaeda in the Arabian Peninsula.

A Saudi-led military coalition has reported Yemen's Iran-aligned Houthi movement, which it has been battling for five years, trying to attack vessels off the coast of Yemen with unmanned boats laden with explosives.

Maritime security firm Dryad Global said it was the ninth reported incident in the Gulf of Aden this year.

The United Kingdom Maritime Trade Operations (UKMTO) naval authority says in a warning notice on its website that it advises vessels in the area "to exercise extreme caution".

UAE currency: the story behind the money in your pockets
UAE currency: the story behind the money in your pockets
The years Ramadan fell in May

1987

1954

1921

1888

The five pillars of Islam

1. Fasting

2. Prayer

3. Hajj

4. Shahada

5. Zakat 

The burning issue

The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE.

Read part three: the age of the electric vehicle begins

Read part two: how climate change drove the race for an alternative 

Read part one: how cars came to the UAE

The five pillars of Islam

1. Fasting

2. Prayer

3. Hajj

4. Shahada

5. Zakat 

While you're here
Vidaamuyarchi

Director: Magizh Thirumeni

Stars: Ajith Kumar, Arjun Sarja, Trisha Krishnan, Regina Cassandra

Rating: 4/5

 

'The worst thing you can eat'

Trans fat is typically found in fried and baked goods, but you may be consuming more than you think.

Powdered coffee creamer, microwave popcorn and virtually anything processed with a crust is likely to contain it, as this guide from Mayo Clinic outlines: 

Baked goods - Most cakes, cookies, pie crusts and crackers contain shortening, which is usually made from partially hydrogenated vegetable oil. Ready-made frosting is another source of trans fat.

Snacks - Potato, corn and tortilla chips often contain trans fat. And while popcorn can be a healthy snack, many types of packaged or microwave popcorn use trans fat to help cook or flavour the popcorn.

Fried food - Foods that require deep frying — french fries, doughnuts and fried chicken — can contain trans fat from the oil used in the cooking process.

Refrigerator dough - Products such as canned biscuits and cinnamon rolls often contain trans fat, as do frozen pizza crusts.

Creamer and margarine - Nondairy coffee creamer and stick margarines also may contain partially hydrogenated vegetable oils.

Will the pound fall to parity with the dollar?

The idea of pound parity now seems less far-fetched as the risk grows that Britain may split away from the European Union without a deal.

Rupert Harrison, a fund manager at BlackRock, sees the risk of it falling to trade level with the dollar on a no-deal Brexit. The view echoes Morgan Stanley’s recent forecast that the currency can plunge toward $1 (Dh3.67) on such an outcome. That isn’t the majority view yet – a Bloomberg survey this month estimated the pound will slide to $1.10 should the UK exit the bloc without an agreement.

New Prime Minister Boris Johnson has repeatedly said that Britain will leave the EU on the October 31 deadline with or without an agreement, fuelling concern the nation is headed for a disorderly departure and fanning pessimism toward the pound. Sterling has fallen more than 7 per cent in the past three months, the worst performance among major developed-market currencies.

“The pound is at a much lower level now but I still think a no-deal exit would lead to significant volatility and we could be testing parity on a really bad outcome,” said Mr Harrison, who manages more than $10 billion in assets at BlackRock. “We will see this game of chicken continue through August and that’s likely negative for sterling,” he said about the deadlocked Brexit talks.

The pound fell 0.8 per cent to $1.2033 on Friday, its weakest closing level since the 1980s, after a report on the second quarter showed the UK economy shrank for the first time in six years. The data means it is likely the Bank of England will cut interest rates, according to Mizuho Bank.

The BOE said in November that the currency could fall even below $1 in an analysis on possible worst-case Brexit scenarios. Options-based calculations showed around a 6.4 per cent chance of pound-dollar parity in the next one year, markedly higher than 0.2 per cent in early March when prospects of a no-deal outcome were seemingly off the table.

Bloomberg

The Voice of Hind Rajab

Starring: Saja Kilani, Clara Khoury, Motaz Malhees

Director: Kaouther Ben Hania

Rating: 4/5

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