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Panama cancelling registration of two vessels linked to North Korea trading

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The Panama authorities have started the process of cancelling the registration of two vessels linked to trading with North Korea.

The Panama Maritime Authority of (AMP) has begun cancelling the registration of the Orient Shenyu (also known as Glory Hope 1) one of 10 vessels the US called on the UN to blacklist for trading with North Korea.

Likewise, a cancellation process has been established for the 8,100 dwt-oil tanker Koti being held by South Korean Authorities in Pyeongtaek-Dangjin port, in western South Korea, suspected of supplying oil to North Korea, in violation of the international sanctions imposed by theUN.

The AMP said it reiterates its commitment to continue co-operating and executing the necessary measures to prevent the use of the Panamanian Ship Registry by companies and/or owners operated or controlled by the Democratic People's Republic of North Korea (DPRK).

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