Analysis North Korean ship near Mexico impounded without proper insuranceNorth Korea's Mu Du Bong in uncharted waters as UN and U.S. pass sanctions The North Korean freighter that ran aground on a reef near the Mexican port of Tuxpan last month didn’t have the legally required insurance to cover the environmental damage it caused, according to a press release from the Federal Attorney for Environmental Protection (PROFEPA) in July. The Mu Du Bong damaged 3662 square meters of coral when it sailed into a reef 12 km from the shore, grounding itself in the process. In response, the Mexican authorities demanded a deposit of 10 million pesos ($756,000) in order to pay for salvage and environmental damages ensuing from the operation © Korea Risk Group. All rights reserved. |