Statements: OCEAN FAYE

Canonical ID: NK-67qFeT2xj4jkEBCUZnsoHK · Entity type: Vessel (reference)

PropertyValueLangSource datasetSource IDFirst seen
Vessel:descriptionThe shadow tanker fleet continues to generate multibillion-dollar revenues for the Kremlin by circumventing sanctions, disguising its activities under third-country flags, using complex schemes to conceal owners, and poses significant environmental safety hazards with significant economic costs to coastal countries and/or the international community due to the outdated and inadequately insured shadow fleet tankers.ua_war_sanctionsua-ws-7e1212705d7bf902d29dcb10a1634e2ffcada830
Vessel:descriptionThe tanker is affiliated with One Moon Marine Services LLC (UAE, under UK sanctions), a company affiliated with the sanctioned operators of the so-called 'shadow' fleet involved in the export of russian oil. After its establishment, One Moon Marine Services LLC 'received' a number of tankers, including the sanctioned vessel 'Ocean Amz', from the shadow fleet operators Radiating World Shipping Services and Voyages Shipping Services. Since November 2023, One Moon Marine Services LLC has started transporting russian oil without P&I insurance. Other vessels were transferred to Alqutb Ashamali Marine Services, Breath Shipping Services, etc. The constant change of owners and managers of vessels to avoid sanctions and conceal the true beneficiaries of the vessels is typical for the so-called 'shadow fleet' involved in the russian oil and oil products trade.ua_war_sanctionsua-ws-7e1212705d7bf902d29dcb10a1634e2ffcada830
Vessel:descriptionThe vessel is certified by the China Classification Society (IACS).ua_war_sanctionsua-ws-7e1212705d7bf902d29dcb10a1634e2ffcada830
Vessel:descriptionAccording to CREA data for September 2024, russia's revenues from crude oil exported by sea amount to €192 million per day, 86% of the total volume of russian marine crude oil was transported by shadow tankers, while tankers owned or insured in countries implementing price restrictions accounted for 14% of the total value of russian oil exported in September.ua_war_sanctionsua-ws-7e1212705d7bf902d29dcb10a1634e2ffcada830
Vessel:descriptionDuring the period of the G7 and EU oil embargo and the price-cap policy on russian oil, the tanker is involved in the export of oil to third countries from russian ports, and resorts to the practice of turning off the AIS signal, conducting so-called 'dark activities' at sea.ua_war_sanctionsua-ws-7e1212705d7bf902d29dcb10a1634e2ffcada830
Vessel:descriptionOil exports from russia are the most important source of income for the kremlin regime to finance the war against Ukraine. The tax on oil production collected by the russian federation in 2023 amounted to 8.9 trillion rubles, or 31% of russia's total federal revenues.ua_war_sanctionsua-ws-7e1212705d7bf902d29dcb10a1634e2ffcada830
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