Marine fuel testing firm CCIC Singapore slapped with winding up order by High Court

The High Court of Singapore issued a winding up order to marine fuel testing and surveying firm CCIC Singapore Pte Ltd (CCIC Singapore) on 2 October, according to a Friday (9 October) notice on the Government Gazette.

The winding up application was filed by Hong Kong-registered CCIC International Holding Limited on 7 September. 

The winding up order also included the following names and address of the liquidators:

Mr Wong Joo Wan and Ms Tina Phan Mei Ting
c/o Alternative Advisors Pte Ltd
1 Commonwealth Lane
#06-21 One Commonwealth
Singapore 149544

All creditors of CCIC Singapore should file their proof of debt with the liquidator who will be administering all affairs of the company.

Manifold Times previously reported the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned nearly two dozen firms operating in multiple jurisdictions, including CCIC Singapore.

OFAC alleged that Sepehr Energy “consistently relied” on CCIC Singapore to accomplish not only the necessary pre-delivery cargo inspections required before oil is transferred to China, but also to conceal the oil’s Iranian origins.

In late 2024, CCIC Singapore provided inspection services during a ship-to-ship transfer of approximately two million barrels of Iranian oil from the sanctioned vessel and Sepehr Energy-affiliated SIRI (IMO 9281683), formerly known as the ANTHEA. 

In June 2025, CNA reported that the company laid off hundreds of workers after it was hit with the sanctions. Later, the CCIC Singapore told CNA that the layoffs were due to the impact of the sanctions which was greater than expected, and that it has ceased operations in Singapore. 

Related: Singapore: Marine fuel testing firm CCIC Singapore faces winding up application
Related: CCIC Singapore amongst nearly 24 firms named in latest US OFAC sanctions

Photo credit: Manifold Times
Published: 12 October 2026