PANTA REI 1

Since 2023, the 2006-built tanker with a deadweight of 115,536 tons has been involved in the export of russian crude oil from the russian ports of Ust-Luga and Primorsk in the Baltic Sea, mainly to India, as well as in the transshipment of russian oil by STS in the Red Sea. Until 2023, the tanker was not involved in the transportation of russian oil. The vessel is certified by Bureau Veritas (IACS).
The ISM management of the vessel is carried out by the Indian company Margao Marine Solutions OPC. The said company carries out the ISM management of another shadow fleet tanker FENG SHOU (IMO 9402471, formerly known as ANDROMEDA STAR, under EU and Swiss sanctions), which was involved in a collision near Denmark when the tanker was sailing to load russian flagship Urals crude oil on March 04, 2024 in the Baltic port of Primorsk. This incident is an indication of the risks associated with the activities of the outdated shadow tanker fleet at sea.
Oil exports are ussia's largest source of revenue. From February 2022 to June 2024, russia earned 475 billion euros in oil export revenues (68% of all fossil fuel export revenues). In 2023, about a third of all tax revenues in russia came from the sale of oil and gas. The tax on oil production collected by the russian federation in 2023 amounted to 8.9 trillion rubles, or 31% of total federal revenues. According to CREA data for September 2024, russia's revenues from crude oil exported by sea amounted to 192 million euros 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.
Today, russia continues to make efforts to avoid/ circumvent sanctions, expand its shadow fleet with a growing number of outdated, poorly maintained vessels, use a 'ghost armada', many of which have experience in working under sanctions imposed on regimes such as Iran and Venezuela, use 'convenient' flags for vessel registration, complex ownership and management structures, and employ various tactics to conceal the origin of their cargo, including ship-to-shore transshipment (STS), disabling automatic identification systems (AIS), falsifying positions, transmitting false data, and other deceptive or even illegal methods. russia's shadow fleet, operating with minimal compliance with the rules and transporting huge volumes of crude oil through heavily trafficked routes through narrow straits close to the coastline, without proper P&I insurance, with the automatic identification system disabled, threatens an environmental disaster with significant economic costs to be borne by the affected coastal countries and/or the international community.

Yes

Yes

Mundra (India), Port Of Sohar (Oman), Ras Sudr (Egypt), Port Said (Egypt), Ust-Luga (russia), Suez (Egypt), Sadat (Egypt), Jeddah (Saudi Arabia), Beirut (Lebanon), Primorsk (russia), Adabiya (Egypt), Vadinar Terminal (India), Sharjah (UAE), Jamnagar Terminal (India)