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Indian ship owner Gatik lost Lloyd’s register class

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.

“Lloyd’s Register is committed to facilitating compliance with sanctions regulations on the trading of Russian oil,” it said in an email to Reuters. “Where supported by evidence, we withdraw class and services from any vessels found by the relevant authorities to be breaching international sanctions.”

Classification societies such as Lloyd’s Register in London provide services including seaworthiness checks, certification that is vital for securing insurance and entry to ports.

Lloyd’s Register said, however, that 11 of the Gatik vessels it was declassifying were also certified by the Indian Register of Shipping (IRClass).

Gatik, which is based in the Indian city of Mumbai according to shipping databases, did not respond to emailed requests for comment.

A major U.S. insurer, the American Club, also told Reuters it was no longer providing cover for Gatik ships, while Russian insurer Ingosstrakh said it would not work with Gatik in future.

Neither the insurers, Lloyd’s Register nor the flag registry spelled out exactly why they have dropped business with Gatik.

Gatik emerged this year as a leading carrier of Russian oil to India using a fleet of tankers that has numbered more than 40, shipping data shows.

American Club, one of the world’s top 12 P&I insurers which combined provide cover for about 90% of the world’s ocean going tonnage, said it previously covered most Gatik ships but as of early April was no longer covering them, declining to say why.

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.

Ingosstrakh said it “had to decline certain requests for insurance it received from Gatik due to the risks identified as part of our adverse media screening procedure,” citing negative media coverage without being more specific.

“We can also confirm that we do not plan to work with Gatik in the future,” the privately owned Russian insurer said in response to queries from Reuters.

Reuters was unable to ascertain whether any Gatik vessels were currently operating without essential paperwork.

India imported 2.76 million tonnes of Russian oil in vessels managed by Gatik during the first four months of 2023, or 10% of its total Russian imports, according to tanker arrival data and Reuters calculations.

According to Refinitiv data, about 1.36 million tonnes of Russian crude was earmarked for arrival in India in May and June on tankers linked to Gatik, although those numbers were preliminary.

In April, the St. Kitts & Nevis International Ship Registry told Reuters it was removing its flag from 36 Gatik vessels.

“It is the long-standing policy of the Registry that when we are alerted to breaches of our high standards by vessels flying our flag, we always investigate and take action accordingly,” the registry said, declining to provide further details.

According to data from maritime platform Lloyd’s List Intelligence, Gatik has flagged 15 ships to Gabon, up from 9 at the start of April before St. Kitts & Nevis started removing its flag from the company’s vessels.

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