ANL Australia: cites business ethics forwarder mum
Mario Carniglia, head of the international freight-forwarding firm Otim, said his firm did not know the contents of the cargo shipped on the ANL Australia. [10 Containers with 2,030 detonators for 122mm rockets, as well as electric circuitry and a large quantity of solid-fuel propellant] He said North Korea provided documents identifying the content as “Oil Pumping Equipment.” “We couldn’t see the contents as the containers were sealed when shipped from Nampo,” he said in the interview conducted in Italian. He refused to identify the exporter in North Korea, citing business ethics. OTIM - Organizzazione Trasporti Internazionali e Marittimi SpA. was first Italian company to open an office in the Democratic Peoples Republic of Korea (North Korea).
ANL Container Line Pty. Ltd and ANL Singapore Pty. Ltd are subsidiaries of the world's third-largest container shipping company CMA CGM S.A. The company, which has JP Morgan as a financial adviser on the restructuring, says auditors have raised doubts [3 December] about the company's ability to continue as a going concern if it fails to reach agreement with its lenders over a restructuring of its $5.2 billion debt. The Marseilles, France, company, which was founded by Lebanon-born Jacques Saade in 1978 and employs 17,000 people worldwide, is in debt restructuring negotiations due to the effect of "severe market conditions" on the business.