Gatik Ship Management, which emerged out of nowhere to become one the largest transporters of Russian crude after the war in Ukraine broke out, does not have a fleet of its own anymore. Over the past three to four months, the mysterious Mumbai-based shipper swiftly transferred oil and fuel tankers managed by it to a web of related companies in the wake of the global attention and scrutiny it attracted for moving Russian oil. These tankers, however, continue to play a central role in keeping Russian oil flowing to India and other parts of the world.
According to the latest data from the international shipping resource base Equasis, Gatik is not listed as the commercial manager of even one tanker. As reported earlier by The Indian Express, around the middle of May, Gatik was listed as the commercial manager of 38 vessels, and the number declined rapidly to 19 vessels by early June. At its peak, Gatik was the commercial manager of around 60 old crude oil and petroleum product tankers, valued at over $1.5 billion, and having been acquired in the aftermath of Russia’s February 2022 invasion of Ukraine. It was among the top players of the so-called “shadow fleet” transporting Russian oil.
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