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| A large ship under construction is docked at Philly Shipyard (Image source: Hanwha) |
China has moved to impose economic countermeasures on five U.S.-linked subsidiaries of Hanwha Ocean Co., Ltd., escalating tensions in the maritime and shipbuilding sectors amid ongoing trade frictions with Washington.
The Ministry of Commerce (MOFCOM) announced the decision on October 14, 2025, under Decree No. 6 of 2025, approved by the State Anti-Foreign Sanctions Coordination Mechanism. The order took immediate effect, restricting Chinese entities and individuals from engaging in any form of transaction, investment, or cooperation with the listed firms.