News North Korean ships linked to coal smuggling congregate at Chinese portExpert says rising coal prices and lax sanctions enforcement appear to be driving uptick in DPRK exports At least nine North Korean vessels have loitered around a Chinese port known for processing coal and iron this week, including three ships previously tied to sanctions evasion, NK Pro analysis shows. The large number of North Korea-flagged ships at the Longkou port suggests business is going well for the country’s illicit coal trade, according to one expert. “I think North Korea is responding to market conditions. Coal prices have gone up significantly recently because of the war in Ukraine and I think they are sensing that there is an opportunity in that,” said © Korea Risk Group. All rights reserved. |