FSC Mauritius Revokes Authorizations for 13 Shipping Companies
Summary
The FSC Mauritius has revoked the authorizations of thirteen shipping companies, including MALUGA SHIPPING LIMITED and Fenghuang Limited, effective October 1, 2025. This action removes their operating licenses in Mauritius.
What changed
The Financial Services Commission (FSC) Mauritius has officially revoked the authorizations of thirteen specific shipping companies. These revocations are effective from October 1, 2025, meaning these entities will no longer be permitted to operate under their FSC Mauritius authorizations after this date. The affected companies include MALUGA SHIPPING LIMITED, Fenghuang Limited, Elizario Shipping Incorporated, Davao Shipping Incorporated, BAWA MARITIME LIMITED, Aklan Shipping Incorporated, Agusan Shipping Incorporated, Tirad Shipping Incorporated, TOILA SHIPPING LIMITED, Tukay Shipping Incorporated, Tunasan Shipping Incorporated, Yukai Limited, and Yuragi Limited.
Shipping companies operating in Mauritius that held authorizations from the FSC must cease operations under those authorizations by October 1, 2025. Compliance officers should ensure that any business activities previously conducted under these authorizations are either discontinued or transferred to entities with valid licenses before the effective date. Failure to comply may result in further enforcement actions or penalties from the FSC Mauritius.
What to do next
- Ensure all business activities previously conducted under FSC Mauritius authorizations by the listed companies cease by October 1, 2025.
- Verify that any necessary transfers or discontinuations of services are completed before the effective date.
- Review internal records to confirm compliance with the revocation order.
Source document (simplified)
Page: FSC Mauritius Enforcement Actions
Change summary: The FSC Mauritius has revoked the authorizations of MALUGA SHIPPING LIMITED, Fenghuang Limited, Elizario Shipping Incorporated, Davao Shipping Incorporated, BAWA MARITIME LIMITED, Aklan Shipping Incorporated, Agusan Shipping Incorporated, Tirad Shipping Incorporated, TOILA SHIPPING LIMITED, Tukay Shipping Incorporated, Tunasan Shipping Incorporated, Yukai Limited, and Yuragi Limited, all effective October 1, 2025.
[INSERTS] Enforcement The FSC Mauritius revokes the Authorisation of MALUGA SHIPPING LIMITED 01 October 2025
[INSERTS] Enforcement The FSC Mauritius revokes the Authorisation of Fenghuang Limited 01 October 2025
[INSERTS] Enforcement The FSC Mauritius revokes the Authorisation of Elizario Shipping Incorporated 01 October 2025
[INSERTS] Enforcement The FSC Mauritius revokes the Authorisation of Davao Shipping Incorporated 01 October 2025
[INSERTS] Enforcement The FSC Mauritius revokes the Authorisation of BAWA MARITIME LIMITED 01 October 2025
[INSERTS] Enforcement The FSC Mauritius revokes the Authorisation of Aklan Shipping Incorporated 01 October 2025
[INSERTS] Enforcement The FSC Mauritius revokes the Authorisation of Agusan Shipping Incorporated 01 October 2025
[INSERTS] Enforcement The FSC Mauritius revokes the Authorisation of Tirad Shipping Incorporated 01 October 2025
[INSERTS] Enforcement The FSC Mauritius revokes the Authorisation of TOILA SHIPPING LIMITED 01 October 2025
[INSERTS] Enforcement The FSC Mauritius revokes the Authorisation of Tukay Shipping Incorporated 01 October 2025
[INSERTS] Enforcement The FSC Mauritius revokes the Authorisation of Tunasan Shipping Incorporated 01 October 2025
[INSERTS] Enforcement The FSC Mauritius revokes the Authorisation of Yukai Limited 01 October 2025
[INSERTS] Enforcement The FSC Mauritius revokes the Authorisation of Yuragi Limited 01 October 2025
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Enforcement The FSC Mauritius revokes the Authorisation of Yuragi Limited 01 October 2025
Enforcement The FSC Mauritius revokes the Authorisation of Yukai Limited 01 October 2025
Enforcement The FSC Mauritius revokes the Authorisation of Tunasan Shipping Incorporated 01 October 2025
Enforcement The FSC Mauritius revokes the Authorisation of Tukay Shipping Incorporated 01 October 2025
Enforcement The FSC Mauritius revokes the Authorisation of TOILA SHIPPING LIMITED 01 October 2025
Enforcement The FSC Mauritius revokes the Authorisation of Tirad Shipping Incorporated 01 October 2025
Enforcement The FSC Mauritius revokes the Authorisation of Agusan Shipping Incorporated 01 October 2025
Enforcement The FSC Mauritius revokes the Authorisation of Aklan Shipping Incorporated 01 October 2025
Enforcement The FSC Mauritius revokes the Authorisation of BAWA MARITIME LIMITED 01 October 2025
Enforcement The FSC Mauritius revokes the Authorisation of Davao Shipping Incorporated 01 October 2025
Enforcement The FSC Mauritius revokes the Authorisation of Elizario Shipping Incorporated 01 October 2025
Enforcement The FSC Mauritius revokes the Authorisation of Fenghuang Limited 01 October 2025
Enforcement The FSC Mauritius revokes the Authorisation of MALUGA SHIPPING LIMITED 01 October 2025
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