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.

Who is ZPMC vs Red Box Energy Services?

China’s state-owned ZPMC Group found itself on the losing side of a legal ruling in Hong Kong against its former joint venture partner Red Box Energy Services. A Hong Kong High Court judge ruled against ZPMC as it challenged an earlier arbitration ruling that had gone the way of Red Box Energy Services.

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.

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 did red box win a shipping arbitration in Hong Kong?

Red Box secured Shipping arbitration awards in November 2020 in Hong Kong stating that ZPMC was in breach of its shareholder agreement. The September 2021 ruling at the Hong Kong High Court supported that initial arbitration outcome. Audax and Pugnax are now under the control of the now Singapore-based Red Box.