Chinese broker exposed by FT investigation into North Korea oil trade arrested

Last month, a joint investigation by the FT and the Royal United Services Institute think-tank tracked a separate delivery of marine oil last year from South Korea’s south-east coast into North Korea’s exclusive economic zone. The investigation revealed that an unnamed Chinese shipping agent had brokered a deal between a South Korean company called Eastern Pec and a Shanghai-based company called Met Ocean Co to conduct a fuel transfer in the South China Sea....