Many owners of ships that use the port of Aden have faced exaggerated cargo claims by Yemeni receivers, particularly in respect of steel, timber and chemical cargoes. A reform programme has reduced the number of exaggerated claims and partly curbed the indiscriminate arrest of vessels, but shipowners should consider the pitfalls revealed by recent cases.
The Yemeni oil exploration sector is at a crossroads. As the major producing fields decline, Yemen has recently been looking for, and attracting, interest from the oil industry's major players. The two most recent licensing rounds saw applications from Total, Petronas, DNO, OMV, Petrobas, Repsol and Sonatrach, among others.