North Korea is subject to UN sanctions because of its nuclear weapons programme that were extended to OMM after one of its ships was found carrying weapons from Cuba.
The report claims OMM has renamed 13 of its 14 ships, and transferred their management to other shell companies in moves intended to evade a UN blacklist operated by the IMO.
"These changes are likely a strategy to evade asset freezes by member states," the report said.
North Korea is banned from large-scale weapons exports and imports. But in July 2013, the North Korean 14,000-dwt cargoship Chong Chon Gang (built 1977) was stopped in Panama on suspicion of carrying drugs.
Police found undeclared containers of Cuban military cargo on board, hidden under bags of sugar – including missiles and two MiG-21 jet fighters.
The panel recommended that the council's sanctions committee blacklist 34 OMM shell companies, including Chongchongang Shipping Co, Amnokgang Shipping and Biryugang Shipping. It also recommended sanctioning OMM vice president Choe Chol Ho, Chongchongang Shipping president Kim Ryong Chol and three Chongchongang directors.
North Korea protests that the UN sanctions are harmful to its citizens, but the report says it has found no incidents where they "directly resulted in shortages of ... humanitarian aid."
