A foreign media report said the Chinese government will extend by two months the suspension of countermeasures against five US-related subsidiaries of Hanwha Ocean.
According to a report on the 11th (local time) by China's state-run English-language outlet Global Times, China's Ministry of Commerce announced a decision to continue suspending countermeasures against five US-related subsidiaries of Hanwha Ocean. The suspension period is two months. The outlet said it takes effect from 11/10 Beijing time.
The outlet said the decision is intended to implement the agreement reached in US-China economic and trade consultations. The decision was made public in a document released by China's Ministry of Commerce.
China introduced the countermeasures on October 14, 2025. It then suspended their implementation for one year from November 10, 2025. The outlet said this sequence of events was reported by China's state-run Xinhua News Agency.
The five targeted subsidiaries are Hanwha Shipping LLC, Hanwha Philly Shipyard Inc, Hanwha Ocean USA International LLC, Hanwha Shipping Holdings LLC and HS USA Holdings Corp. The outlet, citing Xinhua, said this is in line with the ministry's earlier announcement.
The legal basis for the decision was also presented. The outlet reported, “This decision was made in accordance with laws and regulations including China's Anti-Foreign Sanctions Law and its implementing regulations.”
※ This article was written citing a November 11 (local time) report by China's Global Times.