North Korea-Panama Update. "Last week, the Canal Authority fined - TopicsExpress



          

North Korea-Panama Update. "Last week, the Canal Authority fined the owners of the North Korean cargo ship up to $1 million for failing to disclose the cargo accurately and for putting the canal and canal workers at risk. The owners of the ship must also pay a $650,000 bond before it is allowed to leave the canal, according to the head of the Authority. The amount is a proposed sanction of up to $1 million and may be challenged or clarified. Comment: The ship probably is not worth the amount of the fine. The North Korean crew is living better in a Panamanian lock-up than the men lived aboard the ship. This issue is essentially closed, except for the crew and cargo. No news service has reported on the eventual disposition of either." -- NightWatch, 30Sep13
Posted on: Tue, 01 Oct 2013 14:21:25 +0000

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