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OCEAN FAYE

Person of interest · Sanctioned entity

OCEAN FAYE is subject to sanctions. See the individual program listings below.

Type	Vessel				[sources]
Name	OCEAN FAYE				[sources]
Build Date	2007				[sources]
Call Sign	`HQZR9`				[sources]
Description	According 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. · During 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. · Oil 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. · On December 17, 2024, the United Kingdom imposed sanctions on a vessel in connection with the transportation of oil or oil products originating in russia or from russia to a third country. · The 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safety hazards with significant economic costs to coastal countries and/or the international community due to the outdated and inadequately insured shadow fleet tankers. · 2 more...				[sources]
Flag	Honduras				[sources]
IMO Number	`IMO9321689`				[sources]
MMSI	`334919000`				[sources]
Past Flags	Cook Islands · Liberia · Norway				[sources]
Previous name	Agneta Pallas 2 · Solviken				[sources]
Type	Crude Oil Tanker · Oil Tanker				[sources]
Source link	energyandcleanair.org · war-sanctions.gur.gov.ua · www.balticshipping.com · www.blackseanews.net · www.blackseanews.net · 7 more...				[sources]
Last change	2024-12-26	Last processed	2024-12-26	First seen	2024-11-28

Descriptions

Shipping sanctions: a specified ship is prohibited from being provided with access to or having its master or pilot cause it to enter a port in the UK, may have its registration on the UK Ship Register terminated, and a master or pilot of a specified ship may be given a port barring direction, a detention direction, and a port entry direction or a movement direction.

— UK FCDO Sanctions List, 2024-12-17

Transportation of fossil fuels

— Ukraine War and Sanctions, 2024-11-28

Transporting russian oil in violation of other restrictions

— Ukraine War and Sanctions, 2024-12-13

Relationships

Linked to
Object	Role	Start date	End date
Northpole Marine	Ship Safety Management Manager	2023-09-23	-
Northpole Marine	Commercial ship manager	2023-09-23	-

Owners
Owner	Percentage held	Start date	End date
Oceanica Shipping LTD с/о Northpole Marine	-	2023-06-26	-

Sanctions
Authority	Program	Start date	End date
ГУР МО України	Marine and Aircraft Vessels, Airports and Ports involved in the transportation of weapons, stolen Ukrainian products and in the circumvention of sanctions	-	-
Foreign, Commonwealth & Development Office · UK	The Russia (Sanctions) (EU Exit) Regulations 2019	2024-12-17	-