Third－Country Shipping and Oil Targets
Today， OFAC sanctioned nine international shipping companies and nine of their vessels pursuant to E.O. 13810. The following vessels have been used to export coal from North Korea or to engage in UN－prohibited ship－to－ship transfers of refined petroleum products. The regime has been known to use coal export revenues to fund its weapons of mass destruction and missile programs. These vessels are capable of carrying over ＄5.5 million worth of coal at a time：
HUA FU， Panama－flagged
ORIENTAL TREASURE， Comoros－flagged
ASIA BRIDGE 1
DONG FENG 6， Tanzania－flagged
HAO FAN 2
HAO FAN 6
XIN GUANG HAI
KOTI， Panama－flagged
YUK TUNG
The full list of international companies designated by OFAC today is：
Shandong， China－based Weihai World－Shipping Freight and Shanghai， China－based Shanghai Dongfeng Shipping Co Ltd；
Hong Kong－based shipping companies Liberty Shipping Co Ltd， Chang An Shipping ＆ Technology， Hongxiang Marine Hong Kong Ltd， Shen Zhong International Shipping Ltd， and Huaxin Shipping HongKong Ltd；
Singapore－based Yuk Tung Energy Private Limited； and
Panama－based M.T. Koti Corporation.
OFAC also designated Taiwan citizen Tsang Yung Yuan pursuant to E.O. 13722. Tsang has coordinated North Korean coal exports with a Russia－based North Korean broker， and he has a history of other sanctions evasion activities. OFAC also designated two entities， Taiwan－based Pro－Gain Group Corporation and Taiwan and Marshall Islands－based Kingly Won International Co.， Ltd.， pursuant to E.O. 13722 for being owned or controlled by Tsang. In 2017， Tsang and Kingly Won attempted to engage in an oil deal valued at over ＄1 million with the Russian firm Independent Petroleum Company， which OFAC designated in 2017 pursuant to E.O. 13722 for operating in the energy industry in the North Korean economy.
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