South Korea said the ship had transferred 600 tonnes of oil to a North Korean vessel. There are suggestions, denied by the Chinese, that China was responsible for the shipment. We find out more from China expert Gordon Chang. Also in the programme, it’s been a bumper year for commodities with palladium ending at a 17-year high. IG chief market analyst Chris Beauchamp explains what’s ahead in 2018.

Does fake news mark the end of free speech in America? Katherine Mangu-Ward, editor of Reason.com explains whether a problem is brewing in the U.S. Then, Chelsea Fagan, author of the Financial Diet, demonstrates how to make non-traditional decisions about money. Our reporter explains why the defunct bank brand Lehman Brothers has been resurrected as a whisky. Plus, we look back at the year’s big business stories with Nina Trentmann of the Wall Street Journal and Justin Fox from Bloomberg. Colin Peacock of Radio New Zealand joins presenter Roger Hearing.

(Picture: The Lighthouse Winmore, chartered by Taiwanese company Billions Bunker Group Corp., is seen at sea off South Korea's Yeosu port. Credit: AFP/Getty Images)

Ship Seized Amid Row Over North Korean Oil