Subject type: State-owned shipping and terminal operator Jurisdiction: People's Republic of China Also known as: China COSCO Shipping Corporation, 中国远洋海运集团 File opened: 23 August 2026 Last updated: 23 August 2026 Origin The present group was formed in 2016 by merging COSCO with China Shipping Group, two state carriers that had spent years competing on the same routes. The … [Read more...] about COSCO Shipping: China’s State Carrier, Terminal Holdings and Strategic Sealift Role
Markets Closed Friday Pricing a US-Canada Deal That Collapsed Six Hours Later
The gap between what traders knew at 4:00 p.m. Friday and what happened at midnight is the whole story here. Through the session, the reporting out of Washington pointed one way. Negotiators were still in the room. The terms under discussion had US auto tariffs coming down to 15% and some steel and aluminum duties dropping to 25% behind a quota. Trump himself said the talks … [Read more...] about Markets Closed Friday Pricing a US-Canada Deal That Collapsed Six Hours Later
CASIC: China Aerospace Science and Industry Corporation, Missile Production and Commercial Cover
Subject type: State-owned missile and space conglomerate Jurisdiction: People's Republic of China Also known as: China Aerospace Science and Industry Corp, 中国航天科工集团 File opened: 21 August 2026 Last updated: 21 August 2026 Origin CASIC was separated in 1999 from what is now CASC, the China Aerospace Science and Technology Corporation, in the same restructuring that split the … [Read more...] about CASIC: China Aerospace Science and Industry Corporation, Missile Production and Commercial Cover
AVIC: Aviation Industry Corporation of China, Structure, Export Programmes and Listing Exposure
Subject type: State-owned aerospace conglomerate Jurisdiction: People's Republic of China Also known as: Aviation Industry Corporation of China, 中国航空工业集团 File opened: 19 August 2026 Last updated: 19 August 2026 Origin AVIC's lineage runs back to the aviation ministry of the 1950s, built with Soviet assistance and left stranded when that assistance ended. The corporation was … [Read more...] about AVIC: Aviation Industry Corporation of China, Structure, Export Programmes and Listing Exposure
Norinco: China’s Land Systems Conglomerate, Export Footprint and US Restrictions
Subject type: State-owned defence and industrial conglomerate Jurisdiction: People's Republic of China Also known as: China North Industries Group Corporation, CNGC, 中国兵器工业集团 File opened: 17 August 2026 Last updated: 17 August 2026 Origin Norinco descends from the ordnance ministry of the Mao period and took corporate form in 1980 as China opened arms exports to foreign … [Read more...] about Norinco: China’s Land Systems Conglomerate, Export Footprint and US Restrictions
Rapid Support Forces (RSF): Origin, Command, Territorial Control and External Supply
Subject type: Paramilitary formation, de facto governing authority in part of Sudan Jurisdiction: Sudan, no recognised legal status since 2023 Also known as: RSF, Quwat al-Da'm al-Sari, Janjaweed successor File opened: 15 August 2026 Last updated: 15 August 2026 Origin The RSF was formally created in 2013 out of Darfur militias that the Sudanese government had armed and … [Read more...] about Rapid Support Forces (RSF): Origin, Command, Territorial Control and External Supply
Khatam al-Anbiya Construction Headquarters: The IRGC’s Engineering Conglomerate and Its Role in Iran’s Economy
Subject type: Military-owned engineering and construction conglomerate Jurisdiction: Islamic Republic of Iran Also known as: GHORB, Ghorb Khatam, Khatam-al Anbiya File opened: 13 August 2026 Last updated: 13 August 2026 Origin Khatam al-Anbiya was formed at the end of the Iran-Iraq war to absorb IRGC engineering units into reconstruction work. The demobilisation problem was … [Read more...] about Khatam al-Anbiya Construction Headquarters: The IRGC’s Engineering Conglomerate and Its Role in Iran’s Economy
Sepehr Energy: The Iranian Oil Marketing Front, Structure and Designation History
Subject type: Commercial front for state oil sales Jurisdiction: Islamic Republic of Iran Also known as: Sepehr Energy Jahan Nama Pars File opened: 11 August 2026 Last updated: 11 August 2026 Origin Sepehr Energy is a commercial entity established to sell Iranian crude and condensate on behalf of the Armed Forces General Staff. It belongs to a recurring institutional type … [Read more...] about Sepehr Energy: The Iranian Oil Marketing Front, Structure and Designation History
National Iranian Tanker Company (NITC): Fleet, Ownership Structure and Sanctions Evasion Practice
Subject type: Tanker operator, state-aligned Jurisdiction: Islamic Republic of Iran Also known as: NITC, National Iranian Tanker Co File opened: 9 August 2026 Last updated: 9 August 2026 Origin Founded in 1955 under the monarchy and nationalised after 1979, NITC spent the Iran-Iraq war moving crude under attack and emerged with an institutional tolerance for operating … [Read more...] about National Iranian Tanker Company (NITC): Fleet, Ownership Structure and Sanctions Evasion Practice
Rosatom: Russia’s Nuclear State Corporation, Enrichment Leverage and Why It Escaped Sanction
Subject type: State corporation, civil and military nuclear Jurisdiction: Russian Federation Also known as: State Atomic Energy Corporation Rosatom, Росатом File opened: 7 August 2026 Last updated: 7 August 2026 Origin Rosatom was constituted as a state corporation in 2007 out of the Federal Atomic Energy Agency, which in turn descended from the Soviet Ministry of Medium … [Read more...] about Rosatom: Russia’s Nuclear State Corporation, Enrichment Leverage and Why It Escaped Sanction