US SANCTIONS
CCIC Singapore was arrange in 1989 and has its registered deal with at Singapore Science Park.
Its prospects embody Shell, BP, Whole, Exxon Mobil and main Chinese language petrochemical firms, in line with CCIC’s web site.
Dad or mum firm CCIC was established in 1980 and is a part of China’s State-Owned Belongings Supervision and Administration Fee of the State Council.
The US blacklisted CCIC Singapore for serving to to obscure the origins of Iranian oil, which is usually performed by way of quite a few ship-to-ship transfers, oil mixing and false documentation.
Sepehr Power, which is a entrance firm of Iran’s army, “constantly relied” on CCIC Singapore for cargo inspections of oil being delivered to China, in line with the US Treasury Division.
In 2024, CCIC Singapore supplied inspection companies throughout a ship-to-ship switch of about 2 million barrels of Iranian oil from a sanctioned vessel.
That very same yr, the agency additionally “possible supplied” falsified paperwork to hide the identification of one other sanctioned vessel and certify its cargo of Iranian oil as Malaysian crude.
Based on the US Treasury Division, Iran’s illicit oil commerce funds the event of ballistic missiles and drones in addition to regional terrorist teams.
The sanctions freeze all US-linked belongings of the blacklisted corporations and people. Any firm that’s at the very least half-owned by these sanctioned can be blocked from transactions participating US companies or the US monetary system.
ANGER AMONG EMPLOYEES
Two of the affected workers denied information of the actions for which the US sanctioned CCIC Singapore, saying that their departments weren’t concerned.
Each workers instructed CNA they solely learnt their agency had been blacklisted when prospects began cancelling job orders on Could 13, citing the sanctions.
The severity of the sanctions didn’t sink in at first, they stated. Over time, their concern over the blacklisting morphed into anger at how the administration was speaking with workers.
They criticised the agency’s “flip-flop” on the influence of the sanctions, and what they known as a scarcity of duty and transparency from CCIC Singapore’s managing director.
“In case you actually treasure or recognize … our efforts (that) we now have put into this firm, I believe most likely he has to return and thank us, or make an apology, this kind of unlucky factor occurred,” stated one of many workers.
However there was no such expression of apology or remorse, he stated, including that earlier than Friday, the corporate additionally didn’t give affected workers any assist for job placement or profession steerage.
“It is a international firm. They act like excessive and mighty, (however) they go away us within the lurch, similar to that. And I am very mad as a result of the highest man does not even see us, discuss to us,” stated the worker.
Whereas the corporate’s US-linked belongings have been frozen, the workers questioned why its belongings in Singapore, together with property and gear, couldn’t be used to pay salaries and retrenchment advantages.
Additionally they questioned why the father or mother firm was not serving to to make sure that workers have been paid.
“When your kids are in hassle, rightfully, the mother and father ought to rescue them, proper? Why aren’t the HQ rescuing us?” the worker requested.
