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In a slug in the Jan. 27 briefing, entitled, “Decline in U.S. Merchant Fleet Catalogues Collapse in Physical Economy,” it is stated, “Between 2000 and 2023, the number of oceangoing commercial ships exceeding 1,000 gross tons in the U.S. merchant fleet fell from 282 vessels to 17, with a corresponding decline of one-third in carrying capacity.” A typo turned “177” into “17.”

The sentence should have read: “Between 2000 and 2023, the number of oceangoing commercial ships exceeding 1,000 gross tons in the U.S. merchant fleet fell from 282 vessels to 177, with a corresponding decline of one-third in carrying capacity.”