Legal

U.S. sanctions four shipping companies for transporting Venezuelan oil

Additionally, it has identified four vessels as blocked property; the companies involved are Afranav Maritime, Seacomber Ltd, Adamant Maritime and Sanibel Shiptrade.

Published

6 years ago

June 3, 2020

Admin

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The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) on Tuesday (2 June) took action against four companies for operating in the oil sector of the Venezuelan economy.

Additionally, it has also identified four vessels as blocked property.

The United States reiterates that the exploitation of Venezuela’s oil assets for the benefit of the illegitimate regime of President Nicolas Maduro is unacceptable, and those that facilitate such activity risk losing access to the U.S. financial system, it explained.

“The illegitimate Maduro regime has enlisted the help of maritime companies and their vessels to continue the exploitation of Venezuela’s natural resources for the regime’s profit,” said Treasury Secretary Steven T. Mnuchin.

“The United States will continue to target those who support this corrupt regime and contribute to the suffering of the Venezuelan people.”

The OFAC’s designation, pursuant to E.O. 13850, as amended, further targets Venezuela’s oil sector, which continues to provide financial resources to the illegitimate regime of President Maduro:

AFRANAV MARITIME LTD is based in the Marshall Islands and is the registered owner of the vessel ATHENS VOYAGER.
- ATHENS VOYAGER is a Panamanian flagged crude oil tanker (IMO: 9337391) that has continued to lift oil cargoes from Venezuelan ports as recently as mid-February 2020.
SEACOMBER LTD is based in Greece and is the registered owner of the vessel CHIOS I.
- CHIOS I is a Maltese flagged crude oil tanker (IMO: 9792187) that has continued to lift oil cargoes from Venezuelan ports as recently as mid to late February 2020.
ADAMANT MARITIME LTD is based in the Marshall Islands and is the registered owner of the vessel SEAHERO.
- SEAHERO is a Bahamian flagged crude oil tanker (IMO: 9315642) that has continued to lift oil cargoes from Venezuelan ports as recently as late February 2020.
SANIBEL SHIPTRADE LTD is based in the Marshall Islands and is the registered owner of the vessel VOYAGER I.
- VOYAGER I is a Marshall Islands flagged crude oil tanker (IMO 9233789) that has continued to lift oil cargoes from Venezuelan ports as recently as late April 2020.

As a result of the OFAC’s action, all property and interests in property of these entities that are in the United States or in the possession or control of U.S. persons are blocked and must be reported to OFAC.

In addition, any entities that are owned, directly or indirectly, 50 percent or more by the designated entities are also blocked, it said,

OFAC added that its regulations generally prohibit all dealings by U.S. persons or those within (or transiting) the United States that involve any property or interests in property of blocked or designated persons.

Photo credit: David-Everett
Published: 3 June, 2020

Legal

Singapore police arrest eight over alleged illegal MGO transaction off Tuas

SPF says preliminary investigations found that crew members of a Singapore-registered tugboat misappropriated MGO worth about SGD 10,570 without their company’s knowledge and sold it illegally.

Published

8 hours ago

August 14, 2026

Admin

Singapore police arrest eight over alleged illegal MGO transaction off Tuas

The Singapore Police Force (SPF) on Thursday (13 August) said it has arrested eight men, aged between 25 and 54, for their suspected involvement in an illegal transaction of Marine Gas Oil (MGO).

On 13 August 2026 at about 1.05am, officers from the Police Coast Guard (PCG) conducted a check on a Singapore-registered tugboat in the waters off Tuas and discovered that eight crew members were possibly involved in the illegal transaction of MGO.

“Preliminary investigations revealed that the crew members of the tugboats misappropriated MGO valued at about SGD 10,570 (USD 8,258), without their company’s knowledge,” SPF said in a statement.

“The MGO was sold illegally for their personal financial gain.”

The eight crew members will be charged in court on 14 August 2026 with the offence of theft by servant of property in possession of master under Section 381 of the Penal Code 1871 If convicted, they shall be punished with an imprisonment term that may extend to seven years and shall also be liable to fine.

“The Police take a serious view of illegal transaction of MGO in Singapore Territorial Waters and will continue to conduct enforcement and security checks to prevent, deter and detect such illicit activities in Singapore waters,” SPF added.

Photo credit: Singapore Police Force
Published: 14 August, 2026

Winding up

Singapore: Liquidators of East Marine Pte Ltd issues notice of annual meeting

Annual meeting of the company and its creditors will be held at 8 Wilkie Road, #03-08 Wilkie Edge, Singapore 228095 via audio-visual conference on 20 August at 11am.

Published

2 days ago

August 12, 2026

Admin

A notice of annual meeting was issued by liquidators of East Marine Pte Ltd, which is in creditor’s voluntary liquidation, on the Government Gazette on Friday (7 August).

According to the notice, the annual meeting of the company and its creditors will be held at 8 Wilkie Road, #03-08 Wilkie Edge, Singapore 228095 via audio-visual conference on 20 August at 11am.

The purpose of the meeting is to have an account laid before the meeting showing the acts and dealings of the liquidators and the conduct of the winding up in the preceding year.

The following are the details of the liquidators:

Ng Kian Kiat
Yap Hui Li
Liquidators
c/o 8 Wilkie Road
#03-08 Wilkie Edge
Singapore 228095

Photo credit: steve pb from Pixabay
Published: 12 August, 2026

Winding up

Singapore: Annual and final meetings to be held for Asia-Pacific Shipyard Pte Ltd

Annual meeting and the final meeting of the company and its creditors will be held at 8 Wilkie Road, #03-08 Wilkie Edge, Singapore 228095 via audio-visual conference on 9 September.

Published

2 days ago

August 12, 2026

Admin

A notice of annual meeting and final meeting was issued by liquidators of Asia-Pacific Shipyard Pte Ltd, which is in creditor’s voluntary liquidation, on the Government Gazette on Friday (7 August).

According to the notice, the annual meeting and the final meeting of the company and its creditors will be held at 8 Wilkie Road, #03-08 Wilkie Edge, Singapore 228095 via audio-visual conference on 9 September.

The annual meeting will be held at 2pm while the final meeting will be held at 3pm.

The purpose of the meeting is to have an account laid before the meeting showing the acts and dealings of the liquidators and the conduct of the winding up in the preceding year and the manner in which the winding up has been conducted and the property of the company has been disposed of and hearing any explanation that may be given by the liquidators.

The following are the details of the liquidators:

Ng Kian Kiat
Yap Hui Li
Liquidators
c/o 8 Wilkie Road
#03-08 Wilkie Edge
Singapore 228095

Photo credit: Drew Beamer
Published: 12 August, 2026