marine link image
REGISTER NOW FOR the Port of the Future Conference • 2 Days, 50 Ports • Houston, TX • March 24–25, 2026

US Targets Coal Shipments in Fresh N. Korea-related Sanctions

December 8, 2020

© Parilov / Adobe Stock
© Parilov / Adobe Stock

The United States imposed new sanctions on six groups and four vessels related to the transport of North Korean coal on Thursday, including operations based in China, the Treasury Department said on Tuesday.

"The DPRK (North Korea) continues to circumvent the U.N. prohibition on the exportation of coal, a key revenue generator that helps fund its weapons of mass destruction programs," Secretary Steven Mnuchin said in a statement. "The North Korean regime often uses forced labor from prison camps in its mining industries, including coal, exploiting its own people to advance its illicit weapons programs."


(Reporting by Doina Chiacu; Editing by Chizu Nomiyama)

Logistics News

'Quality' Coal Rallies as LNG Spikes

'Quality' Coal Rallies as LNG Spikes

Trump Threatens to Escalate Iran War, But Says It Could End Soon

Trump Threatens to Escalate Iran War, But Says It Could End Soon

Trump Weighs Easing Russia Sanctions

Trump Weighs Easing Russia Sanctions

Greek Vessel Laden with Saudi Oil Sails through Hormuz

Greek Vessel Laden with Saudi Oil Sails through Hormuz

Subscribe for Maritime Logistics Professional E‑News

Spain-US Relations 'Normal' Despite Trump's Trade Threats, Spanish Minister says
India increases coal usage for summer electricity as Mideast crisis affects LNG supplies
Ninety one, an investment manager, increases its aluminium bets in response to the Strait of Hormuz crisis