News Brief:

Shipbuilding News:

* Cosco yard aborts bulker newbuild contract, inks order for two tankers

* AVIC saw 49% up in gross profit

* SPP files petition for support

* DSME tops global orderbook

* HHI-DSME credits downgraded

Shipping News:

* Baltic Dry Shipping Index Drops to All-Time Low

* Asia Dry Bulk-Capesize rates could slip further on uncertain cargo demand

Steel News:

* Spot iron ore prices to fall to $40/dmt by 2017: Goldman

Energy News:

* U.S. oil price drops amid ample supplies

Biz China:

* China's financial industry receives less FDI in Q3

* Baltic Dry Index

BDI      504            (-15)

BCI      619            (-52)

BPI      468             (-9)

BSI      479            (-12)

BHSI    290             (-2)

* TC Avg ($/day)

BCI  5T/C       5,280       (-317)

BPI  4T/C       3,737         (-73)

BSI  6T/C       5,012       (-119)

* Exchange Rate

USD / KRW   1,164.2

USD / RMB    6.3780

* Crude Future ($/barrel)

WTI       40.72

Brent     44.30

* Buker  (Singapore, $/ton)

 IF380      IFO180     MDO     MGO

221.00      230.50     413.00   423.00