Asian Stocks Steady as AI Shares Rebound Ahead of Fed Decision 
Saudi Oil Exports Face 4% Global Supply Threat as Pipeline Remains Shut 
German 2-Year Yield Hits 2023 High as Rate Hike Bets Rise 
Houthis Escalate Saudi Attacks as Red Sea Oil Risks Grow 
BOJ Set to Raise Rates to 1.25% as Inflation Risks Build 
BOJ Flags Import Costs and Yen Shocks as Persistent Inflation Risks 
Japanese Yen Retreats as Dollar Rises Ahead of Fed, BOJ Rate Decisions 
Gold Prices Fall as Hot U.S. Inflation Boosts Fed Rate Hike Bets 
Oil Prices Surge as Houthi Attacks Deepen Hormuz Supply Fears 
Finland Raises 2026 Growth Forecast as Exports and Investment Surge 
Dollar Rises as Fed Hike Bets Weigh on Asian Currencies 
Asian Tech Stocks Slide as AI Concerns and Rising Bond Yields Hit Chipmakers 
Treasury Buyback Fails to Cool Long-Term Yields 
Oil Prices Surge as Houthi Attacks Raise Saudi Supply Fears 
UK Economy Grows 0.4% in July, Beating Forecasts 
Add as a preferred source on Google
South Korean shipyards received new orders totaling 990,000 compensated gross tons (CGTs), covering 60 percent of the 1.64 million CGTs ordered globally in November, to outpace their Chinese rivals for the fifth consecutive month.
The Chinese shipbuilders got 600,000 CGTs, or 37 percent, while third-placer Vietnam had 50,000 CGTs in the month.
Global new shipbuilding orders were limited to 14.47 million CGTs from January to November, sharply dropping from 25.23 million CGTs last year.
In the first eleven months, Chinese shipbuilders topped the number of new orders with 298 ships amounting to 6.67 million CGTs, taking up 46 percent of the total.
South Korea was second with 5.02 million CGTs, or 137 ships, while the Japanese got 1.18 million CGTs for 78 vesels.
Global order backlogs, which had been on a downward path since 80.82 million CGTs in January, slightly rose by 30,000 CGTs, or 1 percent, to 67.84 million CGTs at the end of November from a month earlier.
Order backlogs of South Korean shipbuilders increased by 420,000 CGTs, or 2 percent, for a second month, while those of Chinese and Japanese shipbuilders fell last month.
So far this year, Chinese shipbuilders' order backlogs are at 24.98 million CGTs, or 37 percent of the total, followed by South Korean shipbuilders with 19.36 million CGTs and Japanese shipbuilders with 8.29 million CGTs.
