UN says enough money pledge in Yemen

The vessel, which contains more than 1.14 million barrels of oil, has been moored in the Red Sea off the coast of Yemen for more than seven years. It has had little or no maintenance during that time and its condition has deteriorated to a point where there are growing fears of a catastrophic oil spill.

The planned salvage operation to make it safe is split into two phases: The transfer of the oil from the tanker to another vessel, followed by a permanent storage solution until the political situation in Yemen allows for it to be sold or be transported elsewhere.