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Anchors Away

In this commentary, we examine how beneficial owners across the fishing, cargo, and tanker industries exploit shell companies and open flag registries...

Oil and Water

Since 2019, a China-based fleet of at least 56 supertankers has funneled more than 400 million barrels of illicit oil between high-risk...

Keeping the Lights On

New C4ADS analysis charts an extensive network of onshore and offshore support systems that enable illicit distant-water squid fishing operations, helping malign...

Off The NASDAQ, Still On The High Seas

In this update to our 2022 Net Worth report, we chart how Pingtan Marine Enterprise and Fuzhou Honglong Ocean Fishing entities have...

Staying Afloat

On Wednesday, June 11, 2025, C4ADS discussed the onshore and offshore support systems that enable the distant water squid fishing fleet to...

Bulldozed

China’s Belt and Road Initiative (BRI) has long been plagued by accusations of corruption, fraud, environmental degradation, and labor exploitation — now,...

The Data-Driven Approach to Investigating the BRI

On Wednesday, May 14, 2025, C4ADS hosted a webinar that explored data-driven methodologies for investigating entities involved in China's Belt and Road...

Side Effects

Despite ongoing efforts to derisk supply chains, the global pharmaceutical industry continues to rely heavily on active pharmaceutical ingredients and other related...

C4ADS Supports New York Times Investigation To Identify Banned Nvidia Chips in China

C4ADS partnered with the New York Times to identify 12 state-affiliated entities in China purchasing restricted Nvidia chips, flying in the face...

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