Panama Revoking Registration to Two Ships Linked to North Korea Dealings

The Panama Maritime Authority has initiated a process of canceling the registration of the ships under its flag as the two vessels are suspected of breaching the sanctions against North Korea.

Namely, Orient Shenyu and Koti, both flying the Panamanian-flag, have been linked to transporting of banned cargo to or from North Korea.

Orient Shenyu, also known as Glory Hope I, has been included on the list of ten ships the U.S. proposed for blacklisting by the United Nations Security Council.

The bulk carrier is believed to have engaged in exporting North Korean to other countries, which has been prohibited under the sanctions against North Korea aimed at chocking sources of funding that could end up supporting Pjongyang’s missile program.

Panama-flagged product tanker Koti was seized at Pyeongtaek-Dangjin port, south of Incheon by the South Korean authorities in December 2017, as the vessel is believed to have transferred oil products to North Korea in spite of international sanctions.

The 5,100-ton tanker is being probed by the customs officials over suspected ship-to-ship transfers.

On December 22, 2017, the UN Security Council imposed harsher sanctions on North Korea, banning the direct or indirect supply, sale or transfer to the DPRK of crude oil, refined petroleum products, and various types of equipment and raw materials.

It was decided that vessels believed of being involved in such activities would be seized, inspected, and impounded.

World Maritime News Staff

Share this article

Follow World Maritime News

In Depth>

Events>

<< Jun 2018 >>
MTWTFSS
28 29 30 31 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 1

TRANSTEC 2018

TRANSTEC 2018 welcomes participants to explore Russian Ports and Shipping development opportunities…

read more >

Europort 2018

From 15-17 May 2018, the 12th edition of Europort Romania willl take place in the IDU Hall in Constanta…

read more >

The 27th World Gas Conference

The 27th World Gas Conference is the leading global industry event and is the definitive gathering of influential leaders, buyers and sellers, policy-makers and experts from around the world.

You will hear critical business insights and lively debates on the most topical issues facing the global gas industry today and in the future.

From 25-29 June 2018, Washington DC is expected to host 12,000 attendees, 500 speakers and 350 exhibitors representing, more than 600 companies from 100 countries.

Presented by the IGU, this is the largest and most high-profile gas event that is conducted by the industry for the industry.

Read More

read more >

SMM 2018

This is a must-attend event – a unique opportunity to meet key players, display business strengths, establish new contacts and exchange…

read more >