Who is Red Box Energy Services?

RED BOX ENERGY SERVICES PTE. LTD. (the "Company") is a Private Company Limited by Shares, incorporated on 4 August 2020 (Tuesday) in Singapore . The address of the Company's registered office is at the ROYAL GROUP BUILDING building. The Company current operating status is live and has been operating for 4 years.

Is red box compliant with international sanctions?

“I maintain the company was always compliant with all applicable international sanctions and it is my understanding my former colleagues are actively engaged with Ofac to delist the vessels — but in the meantime I am unemployed and I am no longer the CEO of Red Box,” Adkins said after the Singapore Ministry of Manpower’s decision on the visa.

Who owns Red Box & pugnax?

Two vessels by shipping company Red Box, Audax (IMO 9763837)and Pugnax (IMO 9763849), previously sanctioned by the U.S., are now barred from entering EU ports further limiting their operations. 2016-built, Singapore-flagged, 34,146 gt Audax is owned by Fortune Mc Hercules Shipping care of Red Box Energy Services Ote Ltd of Singapore.

Did red box breach sanctions?

The United Kingdom earlier this month added Red Box to its sanctions list, it said. According to the article, Mr Adkins, who is himself not under any sanctions, argued at that time that the construction material were “simple steel frames” and therefore the company did not breach sanctions.

Where is red box based?

Red Box also has offices in Rotterdam. The Audax and Pugnax vessels are capable of carrying structures weighing 20,000 tonnes and are reinforced to allow them to traverse ice-covered waters. They played a crucial role in the construction of Russia’s Yamal LNG project, which launched in 2017. Both vessels were also designated by Ofac in May.

Why is red box a special designated National?

The Treasury Department’s Office of Foreign Assets Control added the company and its ships to its Specially Designated Nationals list. This action is part of a larger effort to sanction 300 new individuals, companies, and vessels connected to Russia’s war with Ukraine. Red Box has engaged legal advisers to launch an appeal of the decision.