As India buys more Russian crude, obscure shipping firm makes it big

News Snapshot:

AN INDIAN SHIPPING company with an ageing fleet of oil tankers has suddenly emerged as a centerpiece in Russia’s oil trade with India and other countries. In just over a year since Russia’s February 2022 invasion of Ukraine, Gatik Ship Management has amassed a fleet of old oil tankers. According to the latest available data shared with The Indian Express by London-based maritime market intelligence firm VesselsValue, Gatik has put together a fleet of as many as 61 old oil tankers since March 2022. A vast majority of the vessels are older than 15 years, with the average age around...