UN targets 27 ships for aiding North Korea

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.

 

Jason Jiang

Jason worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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