Singapore Court Fines Chinpo Shipping Company

A Singapore court has fined Chinpo Shipping Company (Private) Ltd earlier today for its role in attempts to ship arms to North Korea.

The Singapore District Court fined Chinpo Shipping with SD 180,000 (USD 126, 431) having determined in December 2015 that the company was guilty of transferring financial assets or resources that could have been used to contribute to North Korea’s nuclear and missile weapon programs, Reuters reports.

According to the court, the company transferred over USD 72,000 to a Panamanian shipping company for the passage of the 1977-built North Korean vessel Chong Chon Gang through the Panama Canal.

The ship, which was en route to North Korea from Cuba, was intercepted while transiting the Panama Canal in July, 2013.

Once on board, the local authorities found the illegal cargo hidden underneath over ten tons of sugar.

At the time, Chong Chon Gang was carrying “the largest amount of arms and related materiel” seized entering or exiting North Korea since the adoption of UN economic and commercial sanctions in 2006.

The seized contraband included two Soviet-era MiG-21 fighters, air defence systems, missiles and command and control vehicles. Following the seizure, Cuba claimed that the weapons were obsolete and were being transported to North Korea for repair.

After the shipment was found, the vessel’s captain and the first officer were sentenced to twelve years in prison by Panama’s Second Circuit Court.

Chinpo was also found guilty of carrying out a remittance business without a license between 2009 and 2013.

World Maritime News Staff

Share this article

Follow World Maritime News

In Depth>

Events>

<< Jul 2017 >>
MTWTFSS
26 27 28 29 30 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30
31 1 2 3 4 5 6

Global Liner Shipping Asia Conference

Fight. Survive. Thrive. Respond to challenges of consolidation & disruption at the largest gathering of container shipping industry in Asia…

read more >

Bunkering Week 2017

IBC’s biennial Bunkering Week is back with its successful series of 3 co-located events: 8th Bunkering in Asia, 4th LNG Bunkering and EMTECH: Ship Emissions Technology Conference. With a proven track record of bringing together top decision makers from various industry sectors, this remains the go to event for ship owners, fuel suppliers, traders and […]

read more >

Indonesia Marine & Offshore Expo (IMOX) 2017

Indonesia Marine & Offshore Expo (IMOX) 2017, Batamis an international maritime and offshore industrial event that brings an international…

read more >

Salvage & Wreck Asia

Could your business be affected by shipwreck? Are you a salvage professional or a wreck removal expert? …

read more >