US Blacklists North Korean Shipping Firms

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)

Logistics News

CV International, Capes Shipping Agencies Announce New CFO

CV International, Capes Shipping Agencies Announce New CFO

Tariffs, Sanctions and Shipping Risks: The New Supply Chain Reality

Tariffs, Sanctions and Shipping Risks: The New Supply Chain Reality

German Exports Decreased in May As Companies Frontloaded in Q1 to Beat Tariffs

German Exports Decreased in May As Companies Frontloaded in Q1 to Beat Tariffs

Bunge Charters Argentine Soy Meal Cargo to China

Bunge Charters Argentine Soy Meal Cargo to China

Subscribe for Maritime Logistics Professional E‑News

CANADA-CRUDE-Discount on Western Canada Select narrows
Brazil's corn harvest is a challenge for the export season
Mexico announces measures to increase state control over the skies