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. |