Ocean carrier Cosco blacklisted by US over China military ties

The United States this week added China’s largest shipping line and two of its largest shipbuilders to a “blacklist” of companies it labeled “Chinese military companies.”

In an escalation of tensions that has marked U.S.-Sino relations, the Department of Defense said China Cosco Shipping Corp. Ltd. and subsidiaries Cosco Shipping (North America) and Cosco Shipping Finance Co. Ltd. operating in the U.S. are considered part of the People’s Republic of China military complex.

Cosco is the world’s fourth-largest container carrier, operating more than 504 box ships. 

The company did not immediately return emails seeking comment.

China Shipbuilding Trading Co. and China State Shipbuilding (CSSC) …

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