US seizes North Korean cargo ship

The Justice Department said a North Korean-flagged bulk carrier is in U.S. custody for illegally transporting and concealing exports of North Korean coal.

US seizes North Korean cargo ship

The Justice Department said a North Korean-flagged bulk carrier is in U.S. custody for illegally transporting and concealing exports of North Korean coal.

US seizes North Korean cargo ship

The Justice Department said a North Korean-flagged bulk carrier is in U.S. custody for illegally transporting and concealing exports of North Korean coal.

 

   The Justice Department on Thursday said a North Korean-flagged ship has been seized in connection to violations of U.S. sanctions.
    The vessel, Wise Honest, which is a 17,000-ton bulk carrier and considered one of the country’s largest ships, had been used to illicitly transport coal from North Korea.
    The Justice Department also noted that $750,000 in illegal payments for maintenance, equipment and improvements to the ship were made in U.S. dollars through “unwitting” U.S. banks.
    “This sanctions-busting ship is now out of service,” said Assistant Attorney General for National Security John C. Demers in a statement.

   “North Korea, and the companies that help it evade U.S. and U.N. sanctions, should know that we will use all tools at our disposal — including a civil forfeiture action such as this one or criminal charges — to enforce the sanctions enacted by the U.S. and the global community,” he added.
    In accordance with the International Emergency Economic Powers Act and the 2016 North Korea Sanctions and Policy Enhancement Act, the Treasury Department’s Office of Foreign Assets Control has developed an extensive list of North Korean- and other foreign-flagged ships that have been used to violate sanctions against North Korea.
    From November 2016 through April 2018, the Wise Honest was used by Korea Songi Shipping Co., an affiliate of Korea Songi General Trading Corp., to export coal from North Korea to foreign purchasers and import machinery to North Korea.
    On June 1, 2017, OFAC designated Songi Trading Co. to the Specially Designated Nationals (SDN) List for its involvement in the sale, supply or transfer of coal from North Korea. OFAC also determined that Songi Trading Co. was a subordinate of the Korean People’s Army.
    On March 14, 2018, the Wise Honest transported a load of coal from Nampo, North Korea, and attempted to operate without the required automatic identification system turned on. On April 2, 2018, foreign maritime authorities intercepted and detained the vessel.
   According to court documents filed in a federal court in New York, participants in the Korea Songi scheme attempted to conceal the Wise Honest’s North Korean connections by falsely listing different countries for the ship’s nationality and origin of the coal in shipping documentation.
    The ship, which is in U.S. custody, was en route to American Samoa under direction of the Marshal Service and Coast Guard on Thursday, according to the Justice Department.

As a leading U.S. crude oil export port and a major economic engine of Texas and the nation, the Port of Corpus Christi is now the 4th largest port in the United States in total tonnage.

Drewry’s World Container Index, a composite of container freight rates on eight major routes to and from the U.S., Europe and Asia, was down 1.4% to $1,351.15 per 40-foot container as of June 13.

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US seizes North Korean cargo ship

The Justice Department said a North Korean-flagged bulk carrier is in U.S. custody for illegally transporting and concealing exports of North Korean coal.

May 10, 2019 on Dec 27, 2018AmericanShipper.com

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US seizes North Korean cargo ship

The Justice Department said a North Korean-flagged bulk carrier is in U.S. custody for illegally transporting and concealing exports of North Korean coal.

May 10, 2019 on Dec 27, 2018AmericanShipper.com