Despite initial reports that it was sinking, a Ukrainian-owned ship that was evacuated and burning after a Houthi attack in the Gulf of Aden last week remains afloat.

“As per last managers’ statement, the vessel is afloat and under process of securing salvage operations,” the vessel's flag administration of Palau told TradeWinds on Thursday.

“PISR [Palau International Ship Registry] is monitoring closely the case with all relevant parties,” the flag added.