AsiaOperations

UN targets 27 ships for aiding North Korea

The United Nations Security Council has announced new sanctions against North Korea, blacklisting 27 ships, 21 companies and one businessman for helping North Korea evade previous international sanctions by smuggling oil and coal.

According to a UN document, 13 North Korean oil tankers and cargo vessels were banned from ports worldwide along with 12 other ships for helping Pyongyang smuggle banned commodities or supplying oil and fuel shipments, while another two North Korean vessels were hit with a global assets freeze.

The assets of the 21 shipping and trading companies, which includes businesses based in China, the Marshall Islands, Singapore, Panama and Samoa, will be frozen.

Five of the 21 companies are from China, including Huaxin Shipping, Shanghai Dongfeng Shipping and Weihai World Shipping Freight.

Additionally, Taiwanese man Tsang Yung Yuan is accused of coordinating North Korean coal exports with a North Korean broker operating in a third country. He has a history of other sanction evading activities and is now subject to an asset freeze and a travel ban.

Since 2006, the UN Security Council has banned North Korean exports of coal, iron, lead, textiles and seafood, and capped imports of crude oil and refined petroleum products.

 

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Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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