A hull section that will be sent to the final assembly base is loaded onto a semi-submersible vessel at Hanwha Marine Engineering (Shandong) Co LTD in Yantai, China, on September 16, 2024.
Costfoto | Nurphoto | Getty Images
China has added five U.S. subsidiaries of South Korean shipbuilder Hanwha Ocean to its sanction list over their alleged involvement in Washington’s probe into the Chinese shipping industry, the latest move by Beijing amid renewed conflicts with the U.S.
The sanctioned subsidiaries include Hanwha Shipping LLC, Hanwha Philly Shipyard Inc., Hanwha Ocean USA International LLC, Hanwha Shipping Holdings LLC, and HS USA Holdings Corp, according to a statement from China’s Commerce Ministry on Tuesday.
The order, set to take effect on Oct.14, will prohibit organizations and individuals in China from doing business with the sanctioned companies, the statement said.
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