THE US Department of Defence (DoD) has released its annual list of companies linked to China's military, naming shipping giant COSCO Shipping, two of its subsidiaries, and several other prominent Chinese firms, including oil giant Cnooc, reports Fort Lauderdale's Maritime Executive.
This move formalizes the designation of these entities as "Chinese military companies," aiming to discourage US involvement with them.
The annual listing is a requirement under the National Defence Authorisation Act for Fiscal Year 2021.
As mandated by Congress, the Secretary of Defence must identify and publish a list of Chinese companies deemed to have ties to the military.
The latest update was published on January 7 in the Federal Register.
The Pentagon evaluates companies based on set criteria to determine their connections to China's military.
Entities on the list are barred from conducting business with the US government, and the public disclosure is intended to discourage private-sector dealings with these firms.
Congress's broader goal is to isolate companies supporting China's military ambitions.
COSCO Shipping, which describes itself as the world's largest shipowner, is no stranger to US scrutiny.
In 2019, during the Trump administration, COSCO's tanker division faced brief sanctions for transporting Iranian oil, although these were lifted the following year.
The new designations include COSCO Shipping (North America) and COSCO Shipping Finance Co., alongside the parent company.
Other additions include Cnooc, the China State Shipbuilding Corporation (CSSC), China International Marine Corporation (a leading shipping container manufacturer), and China Shipbuilding Trading Co, a CSSC subsidiary promoting Chinese shipbuilding.
Contemporary Amperex Technology Co, Limited (CATL), a global leader in battery manufacturing, is also among the 134 companies identified.
This action underscores ongoing US concerns about the intersection of China's commercial enterprises and military capabilities, aiming to limit access to critical markets and technologies.
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