A pile of foreign trade containers at a terminal of Shanghai Port in China on May 18, 2025. Recently, benefiting from the tariff adjustments between China and the United States, the average daily booking volume of container shipping from China to the United States has nearly tripled compared to a week ago.
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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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