China’s Ministry of Commerce sanctioned five U.S.-linked subsidiaries of Hanwha Ocean under the Anti-Foreign Sanctions Law, escalating tensions in shipbuilding and logistics.
China’s new Special Port Dues could affect over 3,000 U.S.-linked vessels worldwide, with costs reaching up to USD 2 million per port call, according to Clarksons Research.
China has revised its maritime regulations to counter new U.S. port fees targeting Chinese vessels, escalating tensions and adding uncertainty to global shipping.
Ukraine has condemned China over reports that a Chinese-owned containership has repeatedly operated from Crimea, accusing it of violating sovereignty and international sanctions.
