China COSCO Shipping Corporation Limited strongly denounced the recent accusations and sanctions imposed by the United States targeting China’s maritime, logistics, and shipbuilding industries. In a detailed statement released on Monday, COSCO Shipping labeled the U.S. actions as discriminatory, baseless, and harmful to global trade and shipping stability.
The remarks came after Washington implemented restrictive measures following a Section 301 investigation into alleged unfair trade practices in China’s maritime and shipbuilding sectors. COSCO Shipping criticized the findings of the investigation, asserting that they are grounded in misinformation and misrepresentation of China’s industrial policies.
According to COSCO Shipping, these sanctions unfairly target Chinese enterprises and undermine the principle of fair competition in international markets. The company emphasized that such measures are not only unjust but also pose a serious threat to the smooth operation of the global shipping industry.
“These actions distort fair market dynamics and create instability in global maritime logistics,” COSCO Shipping stated. “They also jeopardize the long-term sustainability and cooperation that the international shipping community relies on to function efficiently.”
The company warned that the U.S. restrictions could have a ripple effect across global industrial and supply chains. By interfering with the normal operations of key players in the maritime sector, such actions may hinder the flow of goods and services worldwide, especially at a time when the world is striving to strengthen post-pandemic economic recovery.
Highlighting its commitment to responsible business practices and international cooperation, COSCO Shipping reaffirmed its role as a leading global shipping operator that adheres to high standards of service, environmental sustainability, and transparency. The company called on all stakeholders to resist protectionist tendencies and work towards preserving the integrity and resilience of the global trade system.
In closing, COSCO Shipping urged the international community to uphold multilateralism and foster an open, inclusive, and cooperative shipping environment that benefits all economies equally.