News Palau deregisters sanctioned North Korean shipVessel gets renamed, reflagged and new North Korean owners, indicating it is not being retired One of the vessels on the UN’s blacklist was deregistered from the Houston, Texas-based Palau shipping registry and has changed flag to North Korea, analysis of various maritime databases shows. The 24,000 ton South Hill 5 was among 27 vessels added to a UN blacklist in March, and one of nine sailing with a non-DPRK flag. Resolution 2270 bans shipping registries from providing services to sanctioned or North Korea vessels. It is not illegal to register a vessel in a foreign registry, though North Korea has used the technique to evade sanctions and hide the identity of its © Korea Risk Group. All rights reserved. |