Negotiations between Washington and Beijing attempting to break the impasse on maritime relations broke down after just two days with no progress made, mainland officials said. The talks, from August 24 to 25, had been scheduled to last a week, said Gao Haiyun, a spokesman for the Chinese Ministry of Communications, according to a Maritime Asia Today report. A team of negotiators from the US Department of Transportation's Maritime Administration led by Clyde Hart left the mainland soon after. 'It's not very good, actually it's very bad,' said one shipping industry figure, describing the atmosphere following the talks. Discussions are believed to have foundered after US officials were unable to offer any new comfort regarding the position of Cosco in the US market. Cosco vehemently objects to its inclusion in the US Controlled Carrier Act, an ancient statute that prevents foreign carriers thought to be controlled by hostile governments from changing freight rates without 30 days' notice. Although Cosco has received an exemption allowing it to file rates within 24 hours, the rate must match or be higher than other quoted rates.