An Indian agency has stepped in to provide safety certification for most of Gatik Ship Management's fleet, a major carrier of Russian oil to India, after Lloyd's Register and the American Bureau of Shipping (ABS) withdrew classification for many of its vessels, records show.
Mumbai-based Gatik, which has emerged this year as a significant player in Russian oil transport, also recently reflagged at least four of its vessels to Mongolia, according to data from maritime platform Lloyd's List Intelligence.
India, which does not recognise the sanctions, has quickly become the biggest buyer of seaborne Russian crude since Moscow's invasion of Ukraine in February last year. "As a U.S. company, ABS strictly follows both the letter and the spirit of U.S. and other applicable sanctions. We are arranging the transfer out of class of all vessels formerly managed by Gatik," a company spokesperson told Reuters.Gatik did not respond to requests for comment.
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