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.

Who owns Red Box Energy Services – pugnax & Audax?

Today Philip is ceo of Red Box Energy Services, a Singapore-headquartered company that owns and operates two highly advanced ultra-heavy module carriers – Pugnax and Audax – both of which have been permanently employed since their launch in 2016.

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.

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.

Why is red box under sanctions?

Red Box was placed under sanctions by the US Office of Foreign Assets Control, an enforcement agency of the US Treasury, in May following an FT story on an audacious journey by its two main ships — the Audax and Pugnax heavy-lift vessels — from China through the ice-bound Northern Sea Route across Russia’s northern shore.

Why did the US designate red box?

The US said last month that designating Red Box demonstrated “the United States’ continued resolve to constrain the Arctic LNG 2 project’s production and export capacity and limit third-party support to the project”. Adkins, who was born and raised in the US, has not himself been placed under sanctions.