News Report alleges Taiwanese firm helped smuggle illicit oil into North KoreaUN experts say firm puppeteered phony shell companies to funnel oil and cash to and from Pyongyang A Taiwanese shipping agency helped North Korea secure tens of thousands of tons of oil in 2021, utilizing a convoluted web of shell companies, off-grid voyages and multi-stage ship-to-ship transfers to keep oil flowing to Pyongyang, an upcoming U.N. report alleges. Cheng Chiun Shipping Agency Co Ltd (CCSA) used two vessels — the Sunward (IMO 8920115) and Sky Venus (IMO 9168257) — to conduct the transfers, an advanced draft of the upcoming Panel of Experts report shows. U.N. sanctions ban North Korea from importing more than 500,000 barrels of refined oil per year, and all shipments to the country must be © Korea Risk Group. All rights reserved. |