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.

When did red box deliver LNG modules for the Arctic LNG 2 project?

The most recent delivery of LNG modules for the Arctic LNG 2 project by vessels operated by RED BOX occurred in late February 2024, after the designation of LLC ARCTIC LNG 2 and LIMITED LIABILITY COMPANY NOVATEK MURMANSK. The following vessels are being identified as property in which RED BOX has an interest:

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.