South Korean officials have seized the vessel Lighthouse Winmore which they say transferred oil to North Korean vessels at mid-sea. An official from South Korea’s foreign ministry stated it has seized a Hong Kong flagged vessel suspected of transferring oil… Read More ›
U.N sanctions
China caught supplying oil to North Korean vessels at sea
Despite China’s talk, the South Korean news report reiterates suspicion by Tokyo, Seoul and Washington that China has been actively aiding, bolstering and conducting business with its ally – North Korea. Following a South Korean news report that Chinese vessels… Read More ›
North Korea’s exports of iron ore, lead and coal fall to their historic lows
While China had earlier continued to export gasoline and diesel to Pyongyang it has stopped doing so over concerns that North Korea will be unable to pay for the goods. Although export levels have dropped significantly, they are yet to… Read More ›