Beijing has intensified its maritime shipping dispute with the United States by imposing sanctions on a South Korean shipping giant. This development arises against the backdrop of Washington’s new port fees targeted at China-operated vessels.
Beijing’s Sanctions on Hanwha Ocean
The Chinese government announced sanctions on five subsidiaries of Hanwha Ocean, a major South Korean shipbuilder. These actions come as a direct response to what China perceives as interference in its maritime and shipbuilding sectors.
Background of the Dispute
The sanctions were enacted following recent regulatory updates from Washington. These updates included the implementation of port fees aimed specifically at vessels built or operated in China. This has further escalated tensions between the two nations.
China’s Allegations
China’s Ministry of Commerce accused Hanwha Ocean’s US subsidiaries of cooperating with the US government. This cooperation allegedly includes support for a 301 investigation against China’s maritime sector.
Response from Chinese Authorities
- Beijing expressed strong dissatisfaction with Hanwha Ocean’s actions.
- The sanctions are in line with China’s anti-foreign sanctions law.
- Chinese authorities claim the new measures aim to protect national interests in the shipping industry.
The spokesperson for China’s Commerce Ministry emphasized Beijing’s firm opposition to the actions taken against it, highlighting the ongoing struggle for dominance in global shipping and shipbuilding industries.
