News Brief:

Shipbuilding News:

* BSHIC awarded jack-up platform duo

* Lenders might sell DSME shares

* RG issue for SPP approved

* HHIC NB delivery extended

* Oshima bags Kamsarmax BC duo

Shipping News:

* Scrapping the only answer for dry bulk shipping

* NWE-Asia fuel oil Arb seen workable on 5-month low VLCC freight rates: Sources

Steel News:

* Iron Ore Above $50 Fails to Sway BHP as Miner Sees Low Price

Energy News:

* Oil price to recover slowly in 2017

Biz China:

* China to see sound consumption growth in 2016: Commerce minister

* Baltic Dry Index

BDI      318         ()

+2

()

BCI      189          -8

)

        (BPI      346 -4

BSI      310        ()

+12

BHSI    203         ()

+3

* TC Avg ($/day)

BCI  5T/C     2,507          ()

-71

()

BPI  4T/C     2,776          -34

BSI  6T/C     3,242       ()

+131

* Exchange Rate

USD / KRW   1,230.1

USD / RMB    6.5302

* Crude Future ($/barrel)

WTI       31.31

Brent     32.98