Panama’s Foreign Minister, Fernando Nunez Fabrega, announced today that the government of North Korea has agreed to pay a $667 million thousand fine to free the sailors and the North Korean ship, Chong Chon Gang which has been detained since July of last year.
The fine, which was initally set at $1 million, was imposed by the Panama Canal Authority when the ship was found to be carrying “war materials” which are prohibited by United Nations (UN) resolutions. The fine will be paid next week according to a statement by Minister Fabrega.
Fabrega notes that 32 of the 35 crew will leave the country immediately, however the remaining crew members “must answer charges of ‘acting against collective security.'”
by Ossian Shine, (Reuters) – Germany’s Red Bandit, skippered by Carl-Peter Forster, was crowned winner of the 45th Rolex Middle Sea Race, becoming the third German yacht to win the prestigious offshore challenge. Following...
(Bloomberg) — The Environmental Protection Agency has given its blessing for a proposed Texas oil port capable of exporting 1 million barrels of oil a day, even as the terminals...
OSLO, Nov 1 (Reuters) – The United States is watching growing cooperation between Russia and China in the Arctic closely and some of their recent military collaboration in the region sends “concerning...
November 1, 2024
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