China-based shipbuilders added to US investment blacklist
President Biden has amended a ban on US investment in Chinese companies begun by his predecessor, sanctioning more firms — including maritime — with alleged ties to China’s military or surveillance industry
President Biden said that ‘additional steps’ were necessary to address the national emergency declared in his predecessor’s executive order in November 2020, including the threat posed by China’s ‘the military-industrial complex’
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CSSC is considering ways to consolidate the group’s business to ‘completely resolve’ internal competition issues among all affiliates
These are the first LNG-fuelled bulk carriers the state-owned shipowner will deploy for trades in the Pearl River Delta area
The two deals come after CSSC Shipping forecast a 26% increase in net profits for 2020, mainly because of contributions from joint ventures and lower financial costs
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