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Singapore's Senat Shipping US charges in North Korean ship deal
SINGAPORE's Senat Shipping said it had done nothing illegal and that it was unreasonable to be put on a US sanctions list for alleged links to North Korea, Reuters reports.
The US Department of Treasury has listed Senat, arguing it had supported Ocean Maritime Management Company (OMMC), which had arranged an illegal shipment of arms on the 13,990-dwt Chong Chon Gang that was seized in Panama in 2013. (http://1.usa.gov/1VDwI7a)
The sanctions will also target Senat's president, Leonard Lai, and a company vessel, the department said.
"The US Treasury's move to put Senat and Leonard Lai on the OFAC [Office of Foreign Assets Control] list is a misguided measure purely based on Senat's historical dealings with OMM, said the company in a statement emailed to Reuters.
Senat denied any illegal activities, and said it was in talks with Singaporean authorities and in the process of contacting the US Treasury Department to explain.
Senat had chartered the 13,990-dwt Chong Chon Gang when it was seized in Panama in 2013 attempting bring old Soviet-era warplanes for repair into Cuba, which brought the relationship to and end, the statement said.
Senat said it was not the charterer and compared itself with hiring a car and being held responsible for the car owner's illegal activity.
The US Department of Treasury has listed Senat, arguing it had supported Ocean Maritime Management Company (OMMC), which had arranged an illegal shipment of arms on the 13,990-dwt Chong Chon Gang that was seized in Panama in 2013. (http://1.usa.gov/1VDwI7a)
The sanctions will also target Senat's president, Leonard Lai, and a company vessel, the department said.
"The US Treasury's move to put Senat and Leonard Lai on the OFAC [Office of Foreign Assets Control] list is a misguided measure purely based on Senat's historical dealings with OMM, said the company in a statement emailed to Reuters.
Senat denied any illegal activities, and said it was in talks with Singaporean authorities and in the process of contacting the US Treasury Department to explain.
Senat had chartered the 13,990-dwt Chong Chon Gang when it was seized in Panama in 2013 attempting bring old Soviet-era warplanes for repair into Cuba, which brought the relationship to and end, the statement said.
Senat said it was not the charterer and compared itself with hiring a car and being held responsible for the car owner's illegal activity.
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