Exclusive: Lloyd's Register drops ships of top Indian carrier of Russian oil

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Exclusive: Lloyd's Register has told India's Gatik Ship Management, which has become a major carrier of Russian oil since the Ukraine war, that it will withdraw certification of 21 of its vessels by June 3, the maritime services company told Reuters

It is the latest setback for Gatik, which was also been forced to find new flags for 36 of its ships after they were deflagged by the St. Kitts & Nevis International Ship Registry.

Gatik, which is based in the Indian city of Mumbai according to shipping databases, did not respond to emailed requests for comment. Western efforts to curtail the amount of revenue Russia earns from its energy resources are having a disruptive impact, as are Western sanctions on oil exports from other countries such as Iran and Venezuela.

Ingosstrakh, a large Russian insurer active in ship coverage but not part of the top 12, told Reuters this month that its insurance cover for Gatik's Prometheus tanker expired in April and had not been renewed.

Source: News Formal (newsformal.com)


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