The move means Pyongyang-based Ocean Maritime Management is now subject to an international asset freeze and travel ban.
The company operated the Chong Chon Gang, found with Soviet-era weapons and fighter jets hidden under sugar sacks.
United Nations sanctions ban most arms shipments to North Korea.
Under resolutions adopted after Pyongyang’s nuclear tests in 2006 and 2009, the export of all arms and related parts, with the exception of small arms and light weapons, to the communist country is prohibited.
The move showed “intent to evade UN sanctions, and is consistent with previous attempts by the DPRK (North Korea) to transfer arms and related materiel through similar tactics in contravention of Security Council prohibitions”, the committee said. [eap_ad_2] The Chong Chon Gang was stopped near Manzanillo, on the Atlantic side of the Panama Canal, on 15 July 2013 under suspicion that it was carrying drugs.
On searching the vessel, officials found military hardware including two Soviet-era MiG-21 fighter aircraft, air defence systems, missiles and command and control vehicles.
Cuban authorities said that the ship was carrying 240 tonnes of “obsolete” defensive weapons.
The North Korean government insisted the ageing weapons were simply being transferred to North Korea to be repaired, before returning them.
In February the ship and most of the crew were allowed to leave Panama and a court later ordered the release of the remaining three officers.[eap_ad_3]