"This administration - and our military - is fully prepared for any contingencies," Obama said in an interview with CBS when asked about reported North Korean intentions to fire a missile toward Hawaii on or about July 4.
Obama's comments came from a partial transcript of an interview that will air Monday on "The Early Show."
The U.S. suspects the cargo ship Kang Nam is carrying missiles and related parts, said the South Korean news network YTN, citing an intelligence source in the South.
Myanmar's military government, which faces an arms embargo from the United States and the European Union, has reportedly bought weapons from North Korea.
YTN said the U.S. has deployed a destroyer and is using satellites to track the ship, which was expected to travel to Myanmar via Singapore.
The ship is reportedly the first North Korean vessel to be tracked under the new UN sanctions.
Two U.S. officials said Thursday that the U.S. military had begun tracking the ship, which left port Wednesday and was traveling off China.
Tensions on the Korean peninsula have spiked since North Korea conducted its second nuclear test explosion May 25.
It later declared it would expand its atomic bomb program and threatened war to protest the UN sanctions imposed in response to its nuclear test.
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