News Sanctioned North Korean ship returns to Chinese bulk portVessel has changed name, owner since U.S. designation last year A sanctioned North Korean ship returned to a Chinese port capable of handling bulk commodities like iron on Monday, its third visit to the area under its new management and sailing with a different name. The DPRK-cargo ship was designated by the U.S. Department of Treasury in November last year – along with its ownership and management companies – though has since shuffled its characteristics and continued operations. While Treasury Department designations do not necessitate port bans like some of their UN counterparts, it’s possible the sanctions could increase the costs of doing business with © Korea Risk Group. All rights reserved. |