Hanwha, China and Ocean
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China said it had started to collect the special charges on U.S.-owned, operated, built or flagged vessels but clarified that Chinese-built ships would be exempted from the levies.
China sanctioned five American subsidiaries of South Korean shipbuilding giant Hanwha Ocean on Tuesday (14 October), prohibiting Chinese organisations and individuals from conducting business with the firms.
Recruited just before China’s fresh sanctions on five Hanwha Ocean units amid rising Sino-US shipbuilding rivalry
The value of Bitcoin ( BTC -1.98%) continued falling today after China said it was putting restrictions on a major South Korean shipbuilder, Hanwha Ocean Co. The company has some naval contracts with the federal government and owns a shipyard in the U.S.