Another of Navigator’s major customers is PDVSA, the Venezuelan state oil company, controlled by the authoritarian regime of Nicolás Maduro. Rockas did not respond to questions about the current status of Ross’s investment. Alongside Ross, another large investor in Diamond S was a company controlled by the Chinese government, according to securities filings. Despite the reticence of Western financial institutions to do business with Sibur and its owners, Navigator’s relationship with Sibur continued to grow. By 2014, Ross and his investment company were among Appleby’s top 20 clients.

Source: thestar November 05, 2017 20:26 UTC