U.S. Adds Chinese Oil Major and Shipping Line to Military Blacklist

China’s state oil major CNOOC and shipping line Cosco were added to a military blacklist compiled by the United States for ties between Chinese businesses and the People’s Liberation Army. The black list, Bloomberg noted in a report on the news, classifies companies with ties to the Chinese army as military companies, and while such a status carries no sanctions, the federal government discourages U.S. companies from doing business with them, potentially affecting the businesses on the blacklist. This is not the first time the U.S.…