{"id":34483,"date":"2023-08-24T13:24:15","date_gmt":"2023-08-24T10:24:15","guid":{"rendered":"https:\/\/www.al-sindbad.net\/gatik-ship-management-breaks-cover-hits-out-at-media-induced-controversies\/34483\/"},"modified":"2023-08-24T13:24:15","modified_gmt":"2023-08-24T10:24:15","slug":"gatik-ship-management-breaks-cover-hits-out-at-media-induced-controversies","status":"publish","type":"post","link":"https:\/\/www.al-sindbad.net\/gatik-ship-management-breaks-cover-hits-out-at-media-induced-controversies\/34483\/","title":{"rendered":"Gatik Ship Management breaks cover, hits out at \u2018media-induced controversies\u2019\u00a0"},"content":{"rendered":"<p><\/p>\n<div class=\"entry-content entry clearfix\">\n<div class=\"mailmunch-forms-before-post\" style=\"display: none !important;\"><\/div>\n<p>Gatik Ship Management, once India\u2019s fastest-growing shipowner and key mover of Russian oil, has broken cover.\u00a0<\/p>\n<p>The low-profile, mysterious Mumbai company was one of the most infamous companies to be linked to Russian oil shipments in the wake of war with Ukraine, building very rapidly a fleet of more than 60 ships worth more than $1.5bn. In recent months however, it has shrunk its fleet even quicker than it built it, with database Equasis showing it is now vessel-free. VesselsValue, an online pricing portal, however still lists the owner as commanding a fleet in excess of 60 vessels.\u00a0<\/p>\n<p>Regardless of the VesselsValue data, now shorn of ships \u2013 as per Equasis \u2013 Gatik chose today to relaunch, issuing its first press release and showcasing a website and logo.<\/p>\n<p>\u201cGatik Ship Management is committed to extend beyond business operations, and is devoted towards social responsibility, whether it\u2019s about providing cargo at very reasonable rates or generating opportunities,\u201d the release stated, going on to argue how the company played a \u201ccrucial\u201d role in keeping fuel prices stable in India.\u00a0<\/p>\n<div class=\"mailmunch-forms-in-post-middle\" style=\"display: none !important;\"><\/div>\n<p>As well as its Mumbai operations, the release discussed Gatik Ship Management Dubai, which the company claimed \u201cembraced philanthropy, channeling efforts towards feeding the underprivileged\u201d.\u00a0<\/p>\n<p>Finally, the company turned to its decision to offload ships, writing: \u201cWhile Gatik\u2019s journey was marked by notable successes, it also encountered challenges. Media-induced controversies resulted in the owner\u2019s decision to withdraw vessels, causing substantial losses due to shifts in insurances, flags, and classes.\u201d<\/p>\n<p>Gatik was one of the most infamous names to emerge as the so-called dark fleet of tankers swelled in the wake of Russia\u2019s invasion of Ukraine. Much of its fleet has now been moved to companies based in Turkey.\u00a0<\/p>\n<div class=\"mailmunch-forms-after-post\" style=\"display: none !important;\"><\/div>\n<div class=\"stream-item stream-item-below-post-content\">\n<div class=\"stream-item-size\" style=\"\">\n\t    <!-- \/91333190\/SPLASH247_*_Splash247_Article_*_Strip_Slot_*_2 --><\/p>\n<div id=\"div-gpt-ad-1_95_0_1_2\">\n<script>\ngoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1_95_0_1_2'); });\n<\/script>\n<\/div>\n<\/p><\/div>\n<\/div>\n<div class=\"post-bottom-meta post-bottom-tags post-tags-modern\">\n<div class=\"post-bottom-meta-title\"><span class=\"tie-icon-tags\" aria-hidden=\"true\"><\/span> Tags<\/div>\n<p><span class=\"tagcloud\"><a href=\"https:\/\/splash247.com\/tag\/india\/\" rel=\"tag\">India<\/a><\/span><\/div>\n<\/p><\/div>\n<p>splash247<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gatik Ship Management, once India\u2019s fastest-growing shipowner and key mover of Russian oil, has broken cover.\u00a0 The low-profile, mysterious Mumbai company was one of the most infamous companies to be linked to Russian oil shipments in the wake of war with Ukraine, building very rapidly a fleet of more than 60 ships worth more than &hellip;<\/p>\n","protected":false},"author":1,"featured_media":34484,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[58],"tags":[],"class_list":["post-34483","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tanker-news"],"_links":{"self":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/34483","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/comments?post=34483"}],"version-history":[{"count":0,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/34483\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media\/34484"}],"wp:attachment":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media?parent=34483"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/categories?post=34483"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/tags?post=34483"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}