Disclaimer

The articles excerpted on this site report on the state of the industry as seen by mainstream media, and do not necessarily reflect the opinion of the officers of the ILWU Coast Longshore Division.

N. Korea’s missile launch hits S. Korean shipbuilding industry

From Business Korea:

MSC expressed concerns over the contracts with Samsung Heavy and DSME after North Korea carried out its sixth nuclear test on September 3.

North Korea’s sixth nuclear test hit the domestic shipbuilding industry which has been struggling with the sluggish market. Samsung Heavy Industries and Daewoo Shipbuilding & Marine Engineering (DSME) was […]

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Japan freezes assets of N. Korea entity over weapons development

Japan said Friday it will freeze the assets, effective the same day, of a North Korean entity in line with a U.N.-mandated sanction against Pyongyang for its nuclear weapons and ballistic missile development.

Japan took the measure after Ocean Maritime Management Co. was included in late July in a list of companies and individuals subject […]

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U.S. blacklists North Korea shipping firms over arms shipments

The ship, Chong Chon Gang, was discovered last July near the Panama Canal hiding a large amount of arms, including two MiG-21 jet fighters under 200,000 bags of sugar, which the United States said showed a clear attempt to circumvent U.N. and U.S. sanctions against North Korea.

The United States on Wednesday blacklisted two North […]

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North Korea pays hefty fine in Panama over Cuba missile mini-crisis

The North Korean freighter Chong Chon Gang was stopped on July 10 on suspicion of carrying drugs as it tried to enter the Panama Canal. Panamanian authorities’ search uncovered 25 containers of Cuban military hardware, including two Soviet-era MiG-21 aircraft, air defense systems, missiles and command and control vehicles. More than 200,000 sacks of […]

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Panama slaps $1 million fine on North Korean ship

The Chong Chon Gang was intercepted on July 10 as it tried to enter the Panama Canal. Authorities uncovered 25 containers of military hardware, including two Soviet era MiG-21 fighter jets, air defense systems, missiles and command and control vehicles. The ship’s 35 crew members are being detained at a former US military base […]

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