Hanwha Ocean today confirmed that it is reviewing a regulatory order issued by the People’s Republic of China’s Ministry of Commerce (MOFCOM) that imposes restrictions on five of its U.S.-based subsidiaries. The order, which took effect immediately, prohibits Chinese organizations and individuals from conducting business with the listed entities.
The five sanctioned entities are Hanwha Shipping LLC, Hanwha Philly Shipyard Inc., Hanwha Ocean USA International LLC, Hanwha Shipping Holdings LLC, and HS USA Holdings Corp.
China has added five US subsidiaries of Hanwha Ocean to its sanctions list for allegedly co-operating with American efforts to impose punitive fees on Chinese vessels. https://t.co/qeEWUYvGDH pic.twitter.com/W2gNcAkoC2
— Financial Times (@FT) October 14, 2025
The MOFCOM statement indicated the sanctions were imposed due to the subsidiaries’ alleged assistance and support for the U.S. government’s probes and actions concerning the Chinese maritime, logistics, and shipbuilding sectors.
In response to the announcement, Linda Johnson, a spokesperson for Hanwha USA, stated:
“We are aware of the announcement by the Chinese Ministry of Commerce, and we are currently reviewing the details. Hanwha will continue to provide world-class maritime services to our customers, including through our significant investments in the U.S. maritime industry and via Hanwha Philly Shipyard. Our immediate priority is to ensure clarity for our partners and to maintain the stability of our global operations.”
Hanwha Ocean remains committed to adhering to all international laws and regulations and is currently assessing the full impact of these measures on its business activities and supply chain relationships. The company is actively collaborating with legal counsel to determine the appropriate path forward.
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