A mysterious Indian firm likely tied to Russia's Rosneft amassed an enormous tanker fleet in just 18 months and has become a top shipper of Russian crude, report says
There is a mysterious Indian oil shipping firm that's likely tied to the Russian energy giant Rosneft – and it's amassed an enormous tanker fleet over the past 18 months and has become one of the top haulers of Russian crude, according to aIndia's Gatik Ship Management is a small Indian shipping firm that has boomed to become one of the largest Russian oil transporters over the past year, the FT said.
Meanwhile, the company amassed more oil tankers than any other known shipping firm, growing its fleet from just two tankers to 58 over the past two years, according to data from Vessels Value.RosneftGatik's offices, which are located in a Mumbai shopping mall, are shared with the equally mysterious Buena Vista Shipping, the FT said, suggesting that both companies could be tied to Gatik's owner.
Gatik and Buena Vista's shared office space is seemingly abandoned, with mail for Gatik piling up outside of its doors, the FT report said. Gatik's peculiar presence in the global energy market has risen alongside India's growing demand for crude, which is now largely supplied by Russia. Russian oil makes up 30% of India's crude consumption, up from the 1% prior to Russia's invasion of Ukraine, according to official trade statistics.at hefty discounts, as it's struggled to sell oil to western customers amid sanctions.
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