The russian shipping company (formerly Transmorflot LLC) specialises in the transportation of goods across the Caspian Sea and is part of a group of companies based in the Russian port of Olya, Astrakhan region.
The company owns a fleet of 26 vessels, including sanctioned vessels involved in the transportation of weapons for the russian federation.
MG-Flot LLC is associated with Astrakhan businessman Jamaldin Emirmagomedovich Pashayev, who built his business around the Olya commercial port in Astrakhan region. This particular location was proposed as a key logistics hub for the North-South international transport corridor, the creation and construction of which was overseen and controlled by former russian Prime Minister Mikhail Fradkov. The key purpose of the transport corridor was to trade with sanctioned Iran, which could import and export goods via the North-South route.