Info:
IRISL transferred ownership of the four Hong Kong-registered companies to Santarosa Shipping Company Limited in June 2018, according to the Hong Kong corporate registry;
In 2018, the ultimate beneficial ownership of the Reach fleet shifted multiple times via Cyprus and Hong Kong-based shell companies. Originally, IRISL directly owned the four Reach vessels after purchasing them from Hyundai Heavy Industries Co. Ltd. in March 2018. Three months later IRISL transferred its ownership of the four now-sanctioned Hong Kong companies to Santarosa Shipping Company Limited in Cyprus. Santarosa’s sole shareholder at the time was an Iranian national, according to Cypriot corporate records;
By the time the four Hong Kong companies appeared in the Equasis shipping registry in August, they were each listed as registered owners of the Reach fleet; this intermediary link enabled IRISL to hide its association with the fleet through Santarosa. The following month, the sole shareholder of Santarosa changed again from an Iranian national to a Chinese national based in Shanghai, thereby leaving the ultimate beneficial owner of the four Reach vessels unknown;
Status:
Reminder Letter Sent
Company Number:
HE283949
Industry:
Shipping Industry
Also Known As:
Santarosa Shipping Company Limited
Country:
Cyprus
Reason for the color:
» How Iran’s national shipping company used offshore companies to dodge U.S. sanctions;