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News UN designates three vessels for suspected ship-to-ship oil transfersNew additions follow enhanced joint efforts at sea by U.S. and allies
The UN Security Council’s (UNSC) 1718 Committee on Tuesday adopted new North Korea-related designations against three vessels on suspicion of engaging in illegal ship-to-ship (STS) oil transfers. The three tankers, the North Korea-flagged Kum Un San 3 and the Panama-flagged Shang Yuan Bao and New Regent, are subject to de-flagging and prohibited from entering the ports of UN member states in accordance with past UNSC sanctions resolutions, according to a press release. Their assets will not be frozen, however, as has been the case for some ships in previous UN designations. Rules prohibiting STS transfers in oil and other © Korea Risk Group. All rights reserved. |








