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Coral Maritima S.A.
OrganisationCU

Coral Maritima S.A.

The Cuban shell company OFAC says received the Mariel Container Terminal in a mid-June transfer designed to evade sanctions.

Last refreshed: 26 July 2026 · Appears in 1 active topic

Key Question

What does the US actually know about the firm that took over Cuba's main port?

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Background

OFAC designated Coral Maritima S.A. on 23 July 2026 together with the Terminal de Contenedores de Mariel, the port State says was transferred to the company in mid-June 2026 in a transaction designed to shield it from sanctions on GAESA.

Little independent information is publicly available on Coral Maritima beyond OFAC's designation notice. The State Department's fact sheet ties the company to GAESA, Cuba's military economic conglomerate, but that ownership link is not independently documented, and Lowdown treats it as an allegation rather than a settled fact.

Common Questions
What is Coral Maritima S.A.?
A Cuban firm that OFAC says received the Mariel Container Terminal in a mid-June 2026 transfer it characterises as designed to evade GAESA sanctions.Source: OFAC
Is Coral Maritima linked to GAESA?
The State Department's fact sheet asserts a link, but the ownership tie is not independently documented beyond that official allegation.Source: US State Department
Why was Coral Maritima sanctioned?
OFAC designated it on 23 July 2026 alongside the Mariel Container Terminal, alleging the mid-June transfer between them was sanctions evasion.Source: OFAC