Shipbuilding News 2015/10/10
News Brief:
Shipbuilding News:* Intermarine adds six more in China* Rongsheng Heavy Industries bulkers auctioned off* Export-Import Bank of China loans $1bn to Teekay* “SHI low profit to continue” * “DSME might have more losses” * Budget ready for passenger ship
Shipping News:* China Shipping Development Co Lowered to “Sell” at Zacks* Tanker market frenzy set to continue over coming weeks
Steel News:* Dalian iron ore rallies as China returns from holiday
Energy News:* Oil prices rise amid falling dollar
Biz China:* China’s economy in Q3 seen to grow 6.6%
* Baltic Dry Index)BDI 817 (-24()BCI 1,598 -144 ()BPI 736 +27BSI 672 ()-4BHSI 382 ()-2
* TC Avg ($/day) BCI 5T/C 11,169 () -1,024()BPI 4T/C 5,904 +224BSI 6T/C 7,028 ()-44
* Exchange RateUSD / KRW 1,165.2USD / RMB 6.3493
* Buk* Crude Future ($/barrel)WTI 49.69Brent 53.62
er (Singapore, $/ton) IF380 IFO180 MDO MGO250.00 264.00 455.50 465.50