China on Tuesday blacklisted five U.S. subsidiaries of South Korean shipmaker Hanwha Ocean, escalating the trade row between Beijing and Washington.

The order, which took effect immediately, will prohibit Chinese organizations and individuals from doing business with the sanctioned companies.

China imposes sanctions on U.S.-linked Hanwha Ocean subsidiaries amid trade tensions, impacting global maritime industry.

China on Tuesday blacklisted five U.S. subsidiaries of South Korean shipmaker Hanwha Ocean, escalating the trade row between Beijing and Washington.