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Steghorn21's avatar

All this rather reassures me because it all but guarantees the defeat and disintegration of the GAE. If they decided to cut their losses and, after a cooling off period, start a reproachment with Russia, now that would worry me. However, as the Duran boys pointed out today, the neocons are going to dig themselves in deeper and deeper with ever more crazy moves such as attacking the Kerch bridge and giving Russia's dollar reserves to Z until they self-destruct. This piece of malice will fail like all the others have because the Russians will find a work-around. The real losers will be we poor saps in Europe who won't even realise we are being screwed and who is doing it.

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Drew's avatar

There is probably more to the story than my take but it looks like the U.S. deep state leaned on South Korea to cancel the building of two LNG container ships which has resulted in Novatek suspending or reducing production of LNG for lack of shipping containers.

Reuters reported days ago, "According to Novatek the 15 Arc7 ice-class tankers, able to cut through 2-metre thick ice, will now be built at Russia's Zvezda shipyard for Arctic LNG 2."

So Hanwha dumps the Novatek contract under U.S. sanction pressure against Russia and in return picks up a lucrative contract to take over U.S. shipbuilding and repair jobs.

In the end, Russia ship building industry is strengthened and American shipbuilding is further emasculated with loss of American jobs to South Korea, and the U.S. taxpayer is left with the bill.

What is good for the Neocons is never good for this country.

Drew

HD HHI, Hanwha Ocean accelerate entry into “US Navy ship MRO” business

Story by Lee Jeong-gu, Kim Mi-geon

South Korean shipbuilders are aggressively pursuing the North American defense market with warships. The United States, despite its formidable military strength, faces challenges in shipbuilding and repair infrastructure, leading to frequent delivery delays. This has brought attention to the technology and productivity of South Korean companies. “Allies like South Korea and Japan are building high-quality ships, including the Aegis, at a fraction of the cost of the United States,” U.S. Secretary of the Navy Carlos del Toro, who toured HD Hyundai Heavy Industries (HD HHI) and Hanwha Ocean during a visit to South Korea in February, said at an event hosted by the Navy League, “and “We were able to monitor the construction process in real-time, through which delivery dates were predictable.” He also emphasized an opportunity to attract advanced Korean shipbuilders to open U.S. subsidiaries and invest in the U.S. shipyards.

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