One crewmember is dead and another is still missing after a cargo ship carrying timber capsized Thursday in the Sea of Japan, RIA Novosti has reported.
The Combodian-flagged MV Poline capsized near the coast of North Korea during a storm as it sailed from Russia to China with a cargo of timber, RIA Novosti reports.
The report said the ship had a crew of 10 Russians and one Ukrainian.
The search operation is being carried by the Russian ship Aldan, a Japanese patrol boat and South Korea’s Golden Shake vessel, according to ITAR-TASS News Agency.
SEE ALSO: Video – Crew Ditches Timber Cargo to Save Ship
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The value of Russia’s crude shipments hit a two-year low in the four weeks to May 25 even as Moscow shrugged off a threat that the G-7 group of nations may tighten the price cap on the country’s exports.
A U.S. trade court ruling that blocked most of President Donald Trump's tariffs and found he had overstepped his authority triggered some relief on financial markets on Thursday, while adding to the uncertainties weighing on the global economy.
The Philippine foreign ministry said on Thursday that China has no right to object to or interfere with its lawful and routine activities in the South China Sea.
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