U.S Blacklists China’s Largest Shipping Line Over Alleged Links With PLA

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China’s largest marine transportation line, Cosco Shipping Holdings Co, has been blacklisted by the United States for its alleged connection with China’s People’s Liberation Army.

It has been determined as a Chinese Military Company by the Pentagon, along with Contemporary Amperex Technology Co Ltd and Tencent Holdings Ltd.

Shares of Cosco fell around 4.4% in Hong Kong on Tuesday and Cnooc Ltd, a Chinese oil major also saw a drop in its stock of 1.6% in Hong...

https://www.marineinsight.com/shipping-news/u-s-blacklists-chinas-largest-shipping-line-over-alleged-links-with-pla/

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