TASSOS

Since the entry into force of restrictions on russian oil in February 2023, the tanker has been involved in the export of russian oil to third countries. In February 2023, the vessel was sold by Frontline (New York, USA, majority owned by shipping billionaire John Fredriksen) to an unknown company, Bay Global Maritime Inc (registered in Liberia), which was registered as the owner and commercial manager of the vessel. In June 2023, the Turkish company PIER DENIZCILIK VE TICARET LTD, incorporated on May 26, 2023, became the ship's safety manager. As of December 11, 2024, Turkey's PIER DENIZCILIK VE TICARET LTD manages the safety of two oil tankers affiliated with the sanctioned PJSC Sovcomflot, the largest state-owned shipping company in russia, a key company for servicing and supporting offshore hydrocarbon production, transportation of russian oil, oil products, and liquefied gas amid sanctions restrictions on russia after its full-scale invasion of Ukraine. The services provided by Sovcomflot are a significant source of income for russia, as more than 70% of russia's revenues come from energy sales, which allows it to finance its war against Ukraine. The main charterers of Sovcomflot vessels are the largest oil and gas companies and traders in russia. Sovcomflot is involved in servicing major oil and gas projects in russia: 'Sakhalin-1', 'Sakhalin-2', 'Varandey', 'Prirazlomnoye', 'Novy Port', 'Yamal LNG' and others. Prior to russia's full-scale invasion of Ukraine, the company's fleet consisted of about 145 vessels. After sanctions were imposed, in order to circumvent them, Sovcomflot transferred dozens of vessels to the ownership of companies it created, including in foreign jurisdictions, and started the practice of constantly 'juggling' (transferring) vessels to related companies. According to expert estimates, the tankers 'transferred' by Sovcomflot to related companies are part of the so-called 'shadow tanker fleet' of the russian federation to continue selling russian oil, oil products, and liquefied gas under Western sanctions.

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Algeciras (Spain), Canaport (St. John) (Canada), Corpus Christi (USA), Fos (France), Sidi Kerir (Kurayr) (Egypt), Ust-Luga (russia), Primorsk (russia), Visakhapatnam (India), Jamnagar Terminal (India), Porto Du Acu (Brazil), Brofjorden (Sweden), Qua Iboe (Nigeria), Ra's al maajjiz (Saudi Arabia)