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| Hanwha Ocean’s Geoje Shipyard (Image courtesy of Hanwha Ocean |
Seoul, October 15, 2025 — China has announced sanctions targeting five U.S.-based subsidiaries of Hanwha Ocean, but South Korea’s shipbuilding industry appears largely unmoved. Many domestic firms believe the move will have minimal operational impact.
China’s Ministry of Commerce cited breaches of China’s maritime, logistics, and shipbuilding policies—specifically, alleged violations tied to a U.S. trade investigation under Section 301—as justification for the action. The companies sanctioned include Hanwha Shipping, Hanwha Philippines Shipyard, Hanwha Ocean USA International, Hanwha Shipping Holdings, and HS USA Holdings.