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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.
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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

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Vessel Arrest

Malaysia: MMEA detains tanker transporting 62,000 litres of diesel off Port Klang

Vessel was operated by a 43-year-old Indonesia captain with a crew of six Indonesians; captain failed to present any documents permitting the transport of the diesel which is a controlled item.

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July 7, 2025

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Malaysia: MMEA detains tanker carrying 62,000 litres of diesel off Port Klang

The Malaysian Maritime Enforcement Agency (MMEA) on Friday (4 July) said it detained a tanker carrying 62,000 litres of diesel without valid documentation off Port Klang on 3 July. 

Selangor MMEA director Maritime Captain Abdul Muhaimin Muhammad Salleh said the tanker was detained at about one nautical mile west of Tanjung Harapan at 1.30pm during a routine patrol in Selangor waters. 

Initial checks showed the tanker was operated by a 43-year-old Indonesia captain with a crew of six, aged between 21 and 51, who were also Indonesians. All of them had complete identification documents. 

However, the captain failed to present any documents permitting the transport of the diesel cargo which is a controlled item. 

With that, a detention order was issued for the tanker. Both the captain and second engineer were arrested and were brought to the marine police jetty in Pulau Indah for further investigation. 

The case will be investigated under the Control of Supplies Act 1961 for failure to provide a permit or special licences from the Domestic Trade and Cost of Living Ministry to possess, store or transport controlled goods.  

 

Photo credit: Malaysian Maritime Enforcement Agency
Published: 7 July, 2025

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Winding up

Singapore: Tiger LNG Shipping Pte Ltd to be wound up voluntarily

A liquidator was also appointed for the company at an extraordinary general meeting held on 30 June, according to Government Gazette notice.
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July 7, 2025

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RESIZED Drew Beamer

Several resolutions for Tiger LNG Shipping Pte Ltd were made during an extraordinary general meeting held on 30 June, according to a notice in the Government Gazette on Friday (4 July).

The following resolutions were duly passed during the meeting:

AS SPECIAL RESOLUTIONS

Resolved:

  • That the Company be wound up voluntarily pursuant to Section 160(1)(b) of the Insolvency, Restructuring and Dissolution Act 2018, and that Mr Lum Chi Lup Benny of 190 Middle Road, #17-05 Fortune Centre, Singapore 188979, be and is hereby appointed as Liquidator for the purpose of such winding-up;
  • That the Liquidator be and is hereby authorised (when and as soon as the debts and liabilities of the Company have been paid and satisfied or duly provided for) to distribute the assets in specie or kind among the contributories of the Company in accordance with their respective rights and interests; and
  • That the Liquidator of the Company be and is hereby authorised to exercise any of the powers given by Sections 144(1)(b), (c), (d), (e), (f) and (g) of the Insolvency, Restructuring and Dissolution Act 2018.

AS ORDINARY RESOLUTIONS

Resolved:

  • That the Liquidator, Mr Lum Chi Lup Benny be remunerated for the work of winding-up the Company on his normal scale of fees and that the Liquidator be indemnified by the Company against all costs, charges, losses, expenses and liabilities incurred or sustained by him in the execution and discharge of his duties in relation thereto.
  • That pursuant to Section 195(2) of the Insolvency, Restructuring and Dissolution Act 2018, the books, accounts and documents of the Company and those of the Liquidator shall be retained for a period of 5 years after the dissolution of the Company and, at the expiration of that period, the documents may be destroyed.

 

Photo credit: Drew Beamer
Published: 7 July, 2025

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Winding up

Singapore: Liquidators issue notice of intended dividend for Xihe Holdings

Creditors will need to produce proofs of debt to liquidators of collapsed Singapore-based oil trading firm Xihe Holdings by 17 July, according to Government Gazette notice.
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4 days ago

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July 4, 2025

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A notice to declare intended dividend of collapsed Singapore-based oil trading firm Xihe Holdings Pte Ltd to its creditors has been posted on the Government Gazette on Thursday (3 July).

Xihe Holdings Pte Ltd and its subsidiaries are owned by the Lim family, who are also the owners of the embattled Hin Leong Trading.

The following are the details of the notice of intended dividend:

Name of Company : Xihe Holdings (Pte) Ltd (In Liquidation)
Unique Entity No. / Registration No. : 199002021M
Address of Registered Office : c/o Grant Thornton Singapore Private Limited, 8 Marina View, #40-04/05 Asia Square Tower 1, Singapore 018960
Court : High Court of Singapore
Number of Matter : HC/CWU 40/2022
Last Day for Receiving Proofs : 17 July 2025 at 5:00 pm by email to [email protected]
Name of Liquidators : Seshadri Rajagopalan, Paresh Tribhovan Jotangia and Ho May Kee
Address : c/o Grant Thornton Singapore Private Limited, 8 Marina View, #40-04/05 Asia Square Tower 1, Singapore 018960

Related: Singapore: Xihe Holdings and subsidiaries to be placed under judicial management
Related: Xihe Holdings files for judicial management and winding up of Xihe Capital subsidiaries

 

Photo credit: steve pb from Pixabay
Published: 4 July, 2025

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