A North Korean shipping company successfully concluded contracts that are banned under U.N. sanctions, a DPRK trade magazine boasts in its latest issue, while appearing to pose as the new owner of two sanctioned oil tankers.

The August issue of Foreign Trade magazine features an article promoting the Pyongyang-based Korea Mihyang Shipping Company, highlighting its extensive merchant fleet and promising to “boost exchange and cooperation with foreign shipping companies for joint development.”

“It has cargo ships of 7,000 and 5,000 tons of displacement, tanker with a deadweight of 3,000 tons and other container ships,” the article reads