China sanctiones five U.S. subsidiaries of Hanwha Ocean for aiding U.S. probes into its shipping sector
China hit back Tuesday by sanctioning five U.S.-based subsidiaries of South Korea's Hanwha Ocean, sending shares of the shipbuilder tumbling over 8% in Seoul. The Chinese government said the action was triggered by Hanwha's alleged support for U.S. investigations into China's maritime and shipbuilding sectors. The blacklisted firms are Hanwha Shipping LLC, Hanwha Philly Shipyard [...]