Firms in Fed’s Beige Book Fret Over Any Lengthy Baltimore Port Closure
(Bloomberg) — The closure of one of the East Coast’s busiest ports after the collapse of Baltimore’s Francis Scott Key Bridge has so far not led to broad price increases,...
The collision took place near the port of Lianyuanhang in Jiangsu province at 4 a.m., the government said in the statement. The boat sank by 6 a.m. This is the second reported sinking of a North Korea cargo ship since January.
The ship did not appear on a United Nations list of sanctioned North Korean vessels.
The Chinese tanker was not damaged in the incident, which comes after a North Korean cargo vessel carrying rice sank off the west coast of Japan in January.
Reuters ship tracking data shows the vessel, listed carrying general cargo, was last seen anchored on March 8 near Lianyuanhang port and was listed at maximum draft, which means it was fully loaded with cargo.
The sinking comes a month after China banned imports of North Korean coal until the end of this year after its isolated northern neighbour tested an intermediate-range ballistic missile in its first direct challenge to the international community since U.S. President Donald Trump took office.
(Reporting by Meng Meng in BEIJING and James Pearson in SEOUL; Writing by Josephine Mason; Editing by Christian Schmollinger)
(c) Copyright Thomson Reuters 2017.
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