N Korean ship released after Panama fines paid
[PANAMA CITY] A North Korean ship detained near the Panama Canal for holding Cuban weapons is free to go after the ship's representatives paid a US$693,333 fine to the Panama Canal Authority, the authority said.
The return of the Chong Chon Gang to North Korea would end part of a bizarre case involving the three countries that provoked international controversy.
The ship was seized in July for smuggling Soviet-era arms, including two MiG-21 aircraft, under 10,000 tonnes of sugar.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
EV automakers get reprieve in US tax credit rules
Abu Dhabi hub carrier Etihad adds banks to US$1 billion IPO
Luminar to cut nearly 20% jobs as part of restructuring
Chinese share of French EV market slumps after incentives curbed
Ferrari unveils US$423,000 sports car with 1960s bloodline
Airbus called for compensation to take on money-losing Spirit operations: sources