June 09, 2023

Ships owned by sanctioned company still visiting South Korea

Vessel owned by newly designated company arrives in Incheon one month after Treasury move

One month after Washington unveiled new sanctions targeting the DPRK's shipping industry, vessels belonging to one of the newly-designated companies were still visiting South Korea, the NK Pro ship tracker shows.

The U.S. Treasury Department's Office of Foreign Assets Control (OFAC) added a Hong Kong-based company called Liberty Shipping to its blacklist on February 23, along with an advisory warning countries about the DPRK's deceptive maritime practices.