• 4 minutes England Running Out of Water?
  • 7 minutes Trump to Make Allies Pay More to Host US Bases
  • 10 minutes U.S. Shale Output may Start Dropping Next Year
  • 14 minutes Washington Eyes Crackdown On OPEC
  • 1 min One Last Warning For The U.S. Shale Patch
  • 8 hours Russian Effect: U.S. May Soon Pause Preparations For Delivering F-35s To Turkey
  • 7 hours Poll: Will Renewables Save the World?
  • 7 hours China's Expansion: Italy Leads Europe Into China’s Embrace
  • 2 hours Chile Tests Floating Solar Farm
  • 7 hours New Rebate For EVs in Canada
  • 6 hours Trump Tariffs On China Working
  • 10 hours The Political Debacle: Brexit delayed
  • 20 mins Trump sells out his base to please Wallstreet and Oil industry
  • 22 hours Oil-sands recovery by solvents has started on a trial basis; first loads now shipped.
  • 16 hours Boeing Faces Safety Questions After Second 737 Crash In Five Months
  • 5 hours 3 Pipes: EPIC 900K, CACTUS II 670K, GREY OAKS 800K
  • 9 hours Biomass, Ethanol No Longer Green
U.S. On The Hunt For Iranian “Ghost Tankers”

U.S. On The Hunt For Iranian “Ghost Tankers”

The United States has started…

Oil Prices Surge To Multi-Month Highs

Oil Prices Surge To Multi-Month Highs

Oil prices have surged to…

Tsvetana Paraskova

Tsvetana Paraskova

Tsvetana is a writer for the U.S.-based Divergente LLC consulting firm with over a decade of experience writing for news outlets such as iNVEZZ and…

More Info

Hong Kong Ship Seized By South Korea Carried Bunker Fuel

oil tanker

The Hong Kong-flagged tanker that South Korea seized on suspicion of having transferred refined oil to North Korea was most probably carrying bunker fuel, industry sources told Platts on Wednesday.

On Friday, South Korean officials announced that the country had impounded a Hong Kong-registered oil tanker suspected of having secretly transferred refined oil to a North Korean vessel, thus violating United Nations sanctions.

The officials said that Hong Kong-flagged oil tanker Lighthouse Winmore had docked at the South Korean port of Yeosu on October 11 to load 14,039 tons of refined petroleum from Japan, according The New York Times. A few days later, the tanker set sail from Yeosu, en route to Taiwan. But instead of reaching Taiwan, the ship transferred refined oil to four other vessels on international waters, including 600 tons of refined oil to North Korean ship Sam Jong 2 on October 19, South Korea’s officials said.

Upon Lighthouse Winmore’s return to the South Korean port at the end of November, authorities boarded the ship and questioned its 25-member crew including 23 Chinese citizens and two Myanmar residents. South Korea officially impounded the oil tanker after the United Nations Security Council adopted a resolution on December 22 regarding oil sales to North Korea. In this resolution, the UN requires “Member States to seize, inspect and freeze any vessel in their ports and territorial waters for involvement in prohibited activities.”

Related: Is ISIS About To Attack Libyan Oil?

According to industry sources who spoke to Platts, the ship was most probably carrying bunker fuel—either marine gasoil or fuel oil.

Meanwhile, South Korean investigations continue, and a spokesman for the foreign ministry said on Tuesday that oil trading house Trafigura was the owner of the original oil shipment. A spokeswoman for the oil trading giant on Wednesday denied any involvement in any transfer of oil to North Korea.

On Sunday, a South Korean customs official told Reuters that authorities had seized another ship, a Panama-flagged vessel, suspected of having transferred oil products to North Korea in violation of the sanctions.

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News