Open Sesame

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,...

US Central Command said on Saturday that its forces fired a Hellfire missile at a Gambia-flagged commercial vessel to prevent it from reaching an Iranian port as the US continues to attack civilian ships in its enforcement of a blockade on Iran. “US Central Command (CENTCOM) forces observed M/V Lian Star transiting international waters toward […]

Peter Thiel Makes $76 Million Bet On Argentina's Top Shale Exporter Amid Milei Reforms Vista Energy SAB's American depositary receipts are up 5% Monday on news that Peter Thiel's hedge fund disclosed a $76 million stake in Argentina's largest oil exporter. Thiel Macro LLC reported owning almost 1.2 million shares of Vista at the end of the second quarter, valued at about $76 million. This was the fund's second-largest disclosed holding after Amazon. Thiel, the co-founder of Palantir and PayPal, has deepened his ties to Argentina. He recently bought a home in...