Core Viewpoint - The Chinese Ministry of Commerce announced countermeasures against five U.S. subsidiaries of Hanwha Ocean, leading to a significant drop in Hanwha Ocean's stock price by 5.8% on October 14, and a 4.1% decline in Hyundai Heavy Industries' stock price [1][3]. Group 1: Company Impact - Hanwha Ocean has a shipbuilding facility in Shandong, China, primarily producing ship component modules that are sent to South Korea for final assembly [3]. - Hanwha Ocean is closely monitoring the situation's potential impact on its business and continues to provide services to clients, including investments in the U.S. maritime industry and projects related to the Philadelphia shipyard [3]. - In August, Hanwha Ocean announced an additional investment of $5 billion in the Philadelphia shipyard and had previously acquired the facility for $100 million in 2024 [3]. Group 2: Industry Context - The U.S. shipbuilding industry has been struggling, currently holding less than 1% of the global commercial shipbuilding market, compared to approximately 60% for China and 22% for South Korea [4]. - The South Korean government has committed to injecting up to $150 billion to help revitalize the domestic industry [5]. - Hanwha Ocean's competitor, Hyundai Heavy Industries, is also in discussions to acquire U.S. shipyards, indicating a competitive landscape in the U.S. maritime sector [6]. Group 3: Regulatory and Geopolitical Factors - The U.S. has implemented port fees and restrictions on the maritime, logistics, and shipbuilding sectors related to China, which has drawn strong opposition from China [6][7]. - China has accused Hanwha Ocean's U.S. subsidiaries of assisting the U.S. government in its investigations and has placed them on a countermeasure list, prohibiting transactions and cooperation with them within China [7]. - The Chinese government emphasizes that the U.S. actions violate international law and harm the legitimate rights of Chinese enterprises, urging the U.S. to correct its actions [7].
被精准制裁后韩华海洋股价大跌,韩政府急忙和中方沟通
Guan Cha Zhe Wang·2025-10-15 09:20