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Hanwha Ocean shares fall after China sanctions subsidiaries

Published 14/10/2025, 09:06
© Reuters.
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Investing.com -- Hanwha Ocean shares fell Tuesday after China placed five of the South Korean shipbuilder’s subsidiaries on a sanctions list, citing their alleged involvement in a U.S. investigation into the Chinese shipping industry.

The stock initially dropped as much as 9% before recovering some ground to close 5.8% lower at 103,100 won ($72.28). The benchmark Kospi index fell 0.6% during the same session.

China’s commerce ministry announced it has banned Chinese entities and individuals from working with five Hanwha Ocean affiliates: Hanwha Shipping, Hanwha Philly Shipyard, Hanwha Ocean USA International, Hanwha Shipping Holdings and HS USA Holdings.

The ministry claimed these subsidiaries participated in a Washington-led investigation targeting China’s shipping sector.

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