On January 7, China COSCO Shipping Corporation Limited (COSCO Shipping Group) issued an official statement regarding the US Department of Defense’s inclusion of COSCO Shipping Group, COSCO SHIPPING (North America), and COSCO Shipping Finance in the list of “Chinese Military Companies”, clearly stating that the so-called “military-related enterprises” list will not affect COSCO Shipping’s business and global operations.
COSCO Shipping Group said in a statement, “RRecently, we have noticed that the U.S. Department of Defense has included COSCO Shipping Group, COSCO SHIPPING (North America), and COSCO Shipping Finance in the list of “Chinese Military Companies.”
“COSCO Shipping Group and its member companies have always followed local laws and strictly complied with regulations in their transnational operations, and are committed to serving global trade and global customers, including providing high-quality commercial shipping and logistics services to numerous agricultural producers, manufacturers, energy companies, retailers, and exporters in the United States. The above three companies are not “Chinese military companies”. We will communicate with the relevant US parties to clarify the facts.”
“The inclusion of the above three companies in this list does not imply that they have been placed on any sanctions or export control lists, and will not have an impact on the business and globalized operations of the COSCO Shipping Group.”