On 30th March, multiple media sites reported that the UN Security Council had blacklisted dozens of ships and shipping companies on 29th March over oil and coal smuggling by North Korea.  21 shipping companies – including 5 based in China – 15 North Korean ships, 12 non-North Korean ships and a Taiwanese man have been designated.  The 12 non-North Korea ships are now subjected to a global port ban and must be deregistered by the countries of registration.  The Taiwanese individual, Tsang Yung Yuan, is accused of co-ordinating “North Korean coal exports with a North Korean broker operating in a third country, and he has a history of other sanctions evasion activities,” according to the UN listing.  He is subjected to an asset freeze and travel ban.  The 21 shipping companies include businesses based in the Marshall Islands, Singapore, Panama and Samoa, and their assets must now be frozen.  Observers point out that the new list, almost to a name, appears to match that issued last month by the US Treasury.


The lists of designated vessels under UN sanctions can be found at –


Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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