Fractal Reaffirms its Commitment to Ethical Business Practices, Compliance, and Safety in Global Shipping Industry

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Jul 31, 2023, 12:40 ET

GENEVA, July 31, 2023 /PRNewswire/ -- Fractal, a shipping company developed to enhance global energy security, reiterates its unwavering commitment to strict adherence to international law and rigorous safety standards. The company diligently monitors the global price of crude and faithfully abides by the rules established by the price cap mechanism. This dedication to ethical business practices and full compliance, including adhering to the price cap regulations set by the EU, US, and other international regulatory bodies, reinforces Fractal's responsible approach in the energy sector.

"Our mission at Fractal is not just to ensure the smooth transportation of goods globally, but also to uphold the highest standards of safety, compliance, and respect for international law," stated Mathieu Philippe, Chief Executive Officer and Ultimate Beneficial Owner of Fractal. "We are proud to contribute to the world's energy security while adhering to the legal boundaries and fostering sustainable practices in the shipping industry."

Fractal's expertise lies in efficiently transporting crude oil and petroleum products worldwide, serving a diverse and global clientele with a primary focus on customers seeking reliable access to energy products. Each client relationship is built on the foundation of mutual respect for international law, further emphasizing Fractal's commitment to responsible and transparent business conduct.

To ensure the utmost level of compliance, Fractal has implemented a robust "Know Your Customer" process, enhancing its ability to meet regulatory requirements and maintain the highest ethical standards. Additionally, the company strictly adheres to international sanctions and compliance regimes, including in operations involving trade with Russia crude, in pursuit of conducting business responsibly and ethically.

Fractal's fleet consistently meets the industry's most stringent safety standards. Every vessel in the fleet undergoes regular inspections under the Ship Inspection Report Programme (SIRE), guaranteeing compliance and top-notch maintenance.

Every vessel in our fleet is certified by world-renowned certification bodies, members of the International Association of Classification Societies (IACS), such as DNV, BV, Lloyd's Register, ABS, NKK. Additionally, our ships are insured by prominent international groups of P&I clubs, including the West of England and American Club. This is a testament to our commitment to maintaining not only regulatory compliance but also the highest safety standards.

"At Fractal, safety, compliance, and respect for international law are at the core of everything we do. Our strategic and efficient shipping operations differentiate us in the global shipping industry, and we are steadfast in our commitment to contributing to the world's economy responsibly," said Mathieu Philippe.

About Fractal:
Fractal is an international shipper with a focus on the global transportation of crude oil and petroleum products. The company is dedicated to upholding the principles of international law, safety, and compliance while contributing to the world's energy security. Fractal's commitment to ethical business practices and safety sets it apart in the global shipping industry.

SOURCE Fractal