Japan Imposes Asset Freeze on N.Korean Shipping Firm

Posted by Eric Haun
Friday, August 15, 2014

Japan on Friday froze the assets of the operator of a North Korean ship seized for smuggling arms, the Foreign Ministry said, just as Tokyo is engaged in talks with Pyongyang to return Japanese citizens kidnapped by North Korean agents decades ago.

The sanction against Ocean Maritime Management, which operated the ship detained near the Panama Canal a year ago carrying Soviet-era arms, follows similar steps by the United States and U.N. blacklisting of the North Korean firm in July.

It is not immediately clear how much assets, if any, Ocean Maritime Management holds in Japan, the Finance Ministry said.

North Korea in May agreed to reinvestigate the fate of Japanese citizens abducted by the reclusive state in the 1970s and 1980s. In return, Japan last month eased sanctions on the North, lifting travel curbs and allowing port calls of North Korean ships for humanitarian purposes.

The sanctions lifted are separate from those imposed by Japan and U.N. members after Pyongyang's first nuclear test in 2006 that prohibit U.N. member states from arms trade with Pyongyang and financial transactions that facilitate such trade.

Prime Minister Shinzo Abe's government needs to tread a fine line and not appear too close to North Korea and undermine calls for it to abandon its nuclear and missile projects, but keep ties good enough not to derail the kidnapping reinvestigation.

"We have no choice but to do what's right, treating them (reinvestigation and arms smuggling) as separate things," a Foreign Ministry official said.

"We have made it clear that sanctions will be tightened as long as they carry on with their nuclear and missile programmes ... They are well aware of that."

Pyongyang admitted in 2002 to kidnapping 13 Japanese citizens and five abductees and their families later returned to Japan. North Korea said the remaining eight were dead, and that the issue was closed, but Japan has pressed for more information about their fate and others that Tokyo believes were kidnapped.

(Reporting by Kiyoshi Takenaka; Editing by Michael Perry)

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter April 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Jensen Debuts New Tractor Tug Design

Crowley Maritime Corp.’s Seattle-based naval architecture and engineering firm, Jensen Maritime, reports it has designed a new tractor tug for Vessel Chartering

Elandra Yachts Expands, Launches Finishing Department

Elandra Yachts has added another layer of craftsmanship to its boat-building operation with the launch of a new in-house paint department at the Gold Coast plant,

Smulders Appointed CEO of Radio Holland

Paul Smulders has been appointed CEO of Radio Holland, part of the RH Marine Group (formerly Imtech Marine).   Smulders returns to Radio Holland where he started

Maritime Security

Maritime Surveillance Drone Testing to Begin this Summer

The AR5 Life Ray UAS, developed by TEKEVER, has been selected by the European Space Agency (ESA) and the European Maritime Safety Agency (EMSA) to demonstrate the

Tanker Departs Libya Empty amid Political Crisis

A tanker that an oil company set up by Libya's eastern government prevented from loading has left the eastern port of Marsa el-Hariga, a port official said on Wednesday.

UNSC Highlights IMO's capacity-building work in Gulf of Guinea

IMO Secretary-General Kitack Lim has welcomed the Presidential Statement from the United Nations Security Council (S/PRST/2016/4) in which the Council strongly condemns acts of murder,

News

Venezuelan Crude Sales to US Fell 8% in April

Venezuelan crude sales to the United States declined 8.3 percent in April to 734,700 barrels per day (bpd) compared with the same month of 2015, amid delays at PDVSA's main ports,

Bureau Veritas Acquires TMC Marine

Bureau Veritas has acquired international consultancy TMC Marine Ltd.    TMC has provided pre- and post-casualty advice and support to the marine industry since 1979.

Harley Marine Orders Two Harbor Tugs

Harley Marine Services announced the construction of two new ship handling vessels to be built at Diversified Marine in Portland, Ore. The two tugs are sister class

Government Update

OMB - Subchapter M Cleared for Publication

The Office of Management and Budget (OMB) completed its review of the draft final rule entitled Inspection of Towing Vessels, also known as "Subchapter M." The

Tanker Departs Libya Empty amid Political Crisis

A tanker that an oil company set up by Libya's eastern government prevented from loading has left the eastern port of Marsa el-Hariga, a port official said on Wednesday.

UNSC Highlights IMO's capacity-building work in Gulf of Guinea

IMO Secretary-General Kitack Lim has welcomed the Presidential Statement from the United Nations Security Council (S/PRST/2016/4) in which the Council strongly condemns acts of murder,

Logistics

FMT Invests $3.7 Mln into its Terminals

Federal Marine Terminals (FMT) has announced $3.7 million in investments, including $1.7 million for a new crane, $1.3 million in new forklifts, and $700,000 in

Baltic Dry Bulk Index Dips on Weak Demand

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, continued to dip on Wednesday due to sluggish demand across vessel segments.

OMB - Subchapter M Cleared for Publication

The Office of Management and Budget (OMB) completed its review of the draft final rule entitled Inspection of Towing Vessels, also known as "Subchapter M." The

 
 
Maritime Security Naval Architecture Navigation Offshore Oil Pipelines Ship Electronics Ship Repair Ship Simulators Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1126 sec (9 req/sec)