Shipbuilding News 11/09

News Brief:

Shipbuilding News:

* Guangzhou Wenchong wins twin boxship order from Lomar Shipping

* Hyundai Samho wins PCTC quartet

* HHIC sells land asset

* “SHI offshore risk reduced”

* Korean yards' credit downgraded

* Korea tops new order contracting

Shipping News:

* Dry bulk shipowners faced with loss of USGC-China petcoke route

* Capesize freight rates in Australia-China routes over 50% cheaper than Brazil-China route

Steel News:

* Iron ore closes in on seven-year low on China woes

Energy News:

* Brent Oil prices may average $46/bbl in Q4 2015: Natixis

Biz China:

* Imports fall prompts call to draw back overseas consumption

* Baltic Dry Index

BDI 631 (-9)

BCI 1,003 (+1)

BPI 603 (-15)

BSI 571 (-13)

BHSI 323 (-5)

* TC Avg ($/day)

BCI 5T/C 7,358 (-16)

BPI 4T/C 4,823 (-115)

BSI 6T/C 5,971 (-133)

* Exchange Rate

USD / KRW 1,138.6

USD / RMB 6.3578

* Crude Future ($/barrel)

WTI 44.30

Brent 47.46

* Buker (Singapore, $/ton)

IF380 IFO180 MDO MGO

239.00 248.00 434.00 444.00