The 14,000-dwt Chong Chon Gang (built 1977) was seized in July, with Cuban weapons concealed in a sugar cargo.

The penalty was for failing to accurately disclose the cargo and putting the canal and canal workers at risk, ACP head Jorge Quijano told Reuters.

He said the final amount could be lower depending on the North Korean company's response.

The owner is listed as Chongchongang Shipping.

The