PEGASUS

The tanker is affiliated with the sanctioned companies Fornax Ship Management FZCO, Sun Ship Management, Oil Tankers Scf Mgmt FZCO, affiliated with the sanctioned PJSC Sovcomflot, the largest state-owned shipping company in russia that services and supports offshore hydrocarbon production and transportation of russian crude oil, oil products, and liquefied gas. The major charterers of PJSC Sovcomflot's vessels are russia's largest oil and gas companies and traders. PJSC 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 the sanctions were imposed, Sovcomflot transferred dozens of vessels to the ownership of companies it had set up, including in foreign jurisdictions, in order to circumvent them, and began the practice of constantly "juggling" (transferring) vessels to related companies.
On January 10, 2025, USA imposed sanctions on the vessel as a property in which Fornax Ship Management FZCO has an interest.