US Blacklists North Korean Shipping Firms

Posted by Eric Haun
Wednesday, July 30, 2014

The United States on Wednesday blacklisted two North Korean shipping firms, Chongchongang Shipping and Ocean Maritime Management, following a similar move by the United Nations.

The United Nations on Monday said Ocean Maritime Management operated a ship detained a year ago near the Panama Canal for smuggling Soviet-era arms, raising concerns about Cuba's military cooperation with North Korea.

The new sanctions, published on the Treasury Department's website, freeze any assets the companies may hold in the United States and prohibit people and firms in the United States from dealing with them.

(Reporting by Anna Yukhananov; Editing by Meredith Mazzilli)

Categories: Maritime Security Government Update Logistics

Related Stories

China Watching CK Hutchison Ports Deal Closely

USTR Implements Port Fee Proposal

USTR: New Measures Target Chinese Maritime Sector

Current News

New $1.2B Subsea Cables Factory Plan Set to Transform Port of Tyne

Barcelona to Get New Finished-Vehicle Logistics Terminal

Phase 1 of Gdynia Quay Upgrade Complete

Egypt's Suez Canal Offers 15% Discount to Win Back Big Container Ships As Trade War Stabilizes

Subscribe for Maritime Logistics Professional E‑News