COSCO slams US sanctions on China’s shipping sector
by ChemOrbis Editorial Team - content@chemorbis.com
According to local media sources, China COSCO Shipping Corp Ltd on Monday rejected the United States’ recent actions targeting China’s maritime, logistics, and shipbuilding sectors, calling the measures discriminatory and based on false information.
The company’s statement followed Washington’s announcement of restrictive actions stemming from a Section 301 investigation into these industries. COSCO warned that such measures distort fair competition and hinder the normal functioning of the global shipping industry.
According to the company, the US actions not only disrupt stability and sustainability in the sector but also pose a risk to the security and resilience of global industrial and supply chains.
The company’s statement followed Washington’s announcement of restrictive actions stemming from a Section 301 investigation into these industries. COSCO warned that such measures distort fair competition and hinder the normal functioning of the global shipping industry.
According to the company, the US actions not only disrupt stability and sustainability in the sector but also pose a risk to the security and resilience of global industrial and supply chains.
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