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Ship Orders From South Korea Are Surging Thanks To U.S. Fees On Chinese-Made Ships
Ship Orders From South Korea Are Surging Thanks To U.S. Fees On Chinese-Made Ships
South Korea is tightening the race with China in global shipbuilding after U.S. plans to curb Chinese-built vessels disrupted order flows and redirected demand , according to Nikkei.
Worldwide new orders fell 27% in 2025 to 56.42 million compensated gross tonnage (CGT) — the first annual drop in two years — according to U.K.-based Clarksons Research.
China remained No. 1 but saw orders tumble 35% to 35.36 million CGT, shrinking its share to 62.7%. South Korea, ranked second,...
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Mar 31, 2026 / Kyle Anzalone
Saudi, UAE Encourage Trump to Continue War Until Iran Faces Decisive Defeat
America’s Gulf Arab allies, led by Saudi Arabia and the UAE, are pushing President Donald Trump to continue the war against Iran until a decisive outcome is reached. According to US, Gulf, and Israeli officials speaking with The Associated Press, Saudi Arabia, the United Arab Emirates, Kuwait, and Bahrain have argued that the US needs […]
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Apr 15, 2026 / Tyler Durden
WTI Rises After Big Inventory Drawdowns Across Energy Complex, Huge SPR Drop, Record Exports
WTI Rises After Big Inventory Drawdowns Across Energy Complex, Huge SPR Drop, Record Exports
Oil largely held onto a sharp drop from this week’s highs as the US and Iran seek further talks to end a war that has brought the vital Strait of Hormuz waterway to a near-halt.
President Trump told a Fox Business anchor he sees the war “very close to over” and told ABC “you’re going to be watching an amazing two days ahead.”
The global oil market has been jolted by the conflict, which triggered an unprecedented supply...
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Mar 4, 2026 / Dave DeCamp
Senate Fails To Advance Bill To Halt Trump’s War on Iran
The Senate on Wednesday voted against advancing a War Powers Resolution aimed at halting further US military action against Iran without authorization from Congress amid the major US-Israeli bombing campaign in the country. The resolution, introduced by Senators Tim Kaine (D-VA) and Rand Paul (R-KY), failed in a vote of 47-53, with Paul being the […]
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