Hanwha Ocean’s High-Stakes Turnaround: Shares Drop on China Sanctions – But New Submarine & Green Ship Deals Light the Way
Market Reaction & China Sanctions On Oct. 14, Chinese authorities banned Chinese entities from working with five Hanwha Ocean subsidiaries in the U.S. (including its Philadelphia shipyard and related firms) reuters.com. Beijing accused these affiliates of “assisting… U.S. investigative activities”