A New York court has formally handed the US ownership of a North Korean cargo ship seized for violating international sanctions, the Justice Department said. The 17,061 ton bulk carrier Wise Honest -- the first North Korean vessel seized by Washington for sanctions violations -- was caught carrying a $3 million shipment of coal in Indonesian waters last year and later handed over to US authorities. The court in the Southern District of New York ordered the vessel to be forfeited to Washington and for the Treasury Department to "dispose of" it, an order released by the Justice Department showed.
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