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Displaying 1 to 2 of Records.
Page 1 of 1
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South Korea Bans Ships Calling at Northern Ports Under New Sanctions
By Jack Kim and Ju-min Park
SEOUL, March 8 (Reuters) - South Korea said on Tuesday it would impose new sanctions against 40 individuals and 30 entities because of suspected links to North Korea's weapons program and would ban vessels that had stopped at North Korean ports in the past 180 days.
The new measures are designed to discourage shipping firms and trading companies from doing business with the North to further isolate it, South Korea said.
The decision to issue more unilateral sanctions against the North follows a U.N. Security Council resolution triggered by the isolate state’s fourth nuclear test in January and a long-range rocket launch last month.
Tension in the region is high as South Korean and U.S. troops began military exercises on Monday in an annual test of their defenses against the North, which called the drills "nuclear war moves" and threatened to respond with an all-out offensive.
The individuals subject to financial sanctions announced on Tuesday include a Singaporean and a Taiwan national who are heads of a shipping firm and a trading company, the government said.
South Korea also blacklisted a Thai shipping firm called Mariner's Shipping & Trading and Taiwan company Royal Team Corporation.
South Korea will ban those on the list from engaging in financial transactions with South Korean entities and freeze assets that are held in the country, the government said.
After the North's rocket launch last month, South Korea suspended operations at the Kaesong industrial zone, just on the North Korean since of their common border, which had been run jointly with the North for more than a decade.
The industrial park, operated with investment from the capitalist South, was a key source of hard currency for the impoverished North.
South Korea would also discontinue participation in a pilot project that brought Russian coal to South Korea through the North Korean port of Rajin, a foreign ministry official told reporters in a joint briefing with other government agencies.
Trial shipments had been carried out in 2014 and 2015, under a consortium involving South Korean steelmaker POSCO, Hyundai Merchant Marine and railway operator Korail, from Rajin.
The three shipments, of a total 294,000 tonnes of coal, represented less than 1 percent of South Korea's overall imports for that period.
South Korean President Park Geun-hye and Russian leader Vladimir Putin signed an agreement in 2013 to cooperate and promote the project linking Russia's Khasan and Rajin.
Lee Suk-joon, minister of South Korea's office for government policy coordination, said the government continued to advise against South Koreans using North Korean restaurants overseas. South Korea views such establishments as a source of foreign currency for the isolated state. (Editing by Michael Perry, Robert Birsel)
(c) Copyright Thomson Reuters 2016.
Posted On:
9-Mar-2016
Credits:
gcaptain.com
Maersk Tankers Claims First Drone Delivery to Ship at Sea
Maersk Tankers says that it has completed the first drone delivery to a vessel at sea as part of a test to see whether or not drones can become a part of the supply chain.
The company says the test delivery took place near Kalundborg in Denmark and involved a drone dropping a small parcel to one of its tankers. Due to weather, the drone could not be launch from shore as planned, but rather was launched from a nearby tugboat, which dropped the package from a hight of 5 meters above deck.
Maersk Tankers is hopeful that the by using drones it can significantly reduce the cost of delivery of small parcels filled with urgent spare parts, mail or medicine, when compared to using traditional methods of delivery.
"Costs for a barge are on average USD 1,000 and can easily go up to USD 3,000 or more" says Markus Kuhn, Supply Chain Manager at Maersk. "With the current pay-load of drones, on average a vessel has 3 cases per year in which the barge transport could be substituted by a drone – meaning a potential avoidance of barge costs of USD 3,000-9,000 per vessel per year. And if you consider that Maersk Tankers has around 100 vessels, the savings potential could be substantial."
The ATEX-approved (zone 2) drone used in the test was provided by the French company Xamen and the test was approved by the Danish authorities.
Maersk says that in addition to delivery, drones have the potential to be used for other business purposes such as inspections (e.g. to take high quality photos or videos of certain areas to identify cracks).
Above all else, Maersk says that before any widespread use of drones within its business, the company needs to ensure the safety of the technology being used.
"It is fundamental that any drones used by Maersk Tankers are safe for the environment they are operating in. They must be certified as intrinsically safe for most tasks, so they cannot create any spark, even if they were to crash. Some inspections can pose risks if performed by humans. If drones are approved for tank inspections, it will improve safety on tankers and potentially in other oil-related installations," says Markus Kuhn.
Posted On:
9-Mar-2016
Credits:
gcaptain.com
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