Reported 11 days ago
China's recent sanctions on U.S.-linked units of shipbuilder Hanwha Ocean pose significant risks to the shipbuilding collaboration between South Korea and the United States by potentially disrupting the supply of essential Chinese equipment. As both nations engage in a trade dispute, South Korean officials express concern that these sanctions could result in considerable financial losses and impact broader economic security, especially for Philly Shipyard, which may face up to $60 million in costs over the next two years.
Source: YAHOO