Hanwha Ocean – Charm

China lifts sanctions on US subsidiaries of South Korea’s Hanwha Ocean

Cs news9 months ago02 mins

China announced on Monday that it would suspend sanctions against the US subsidiaries of Hanwha Ocean, one of South Korea’s largest shipbuilding giants, as part of a fragile truce in the ongoing trade dispute between the United States and China, News.Az reports, citing foreign media. The sanctions, which had been imposed in October, targeted five US-based…

Chinese sanctions will cost a South Korean shipbuilder but could boost US ties

Cs news10 months ago02 mins

China’s sanctions on Hanwha Ocean will drive up the firm’s costs in the medium term but may also end up boosting South Korean ties with the US over the long term as Washington seeks to expand naval shipbuilding capacity, analysts said. Last week, the Chinese commerce ministry announced it had imposed sanctions on five US-based…