Shipbuilding News 2015/10/12

News Brief:
Shipbuilding News:Two HHIC yards showed contrast * Ministry denies “HHI to manage STX” * Additional DSME loss found * DSME signs FLC sale deal * Hyundai Samho reaches wage deal  

Shipping News:Dry bulk shipping fleet net expansion was 1.3% during third quarter, but orderbook reduced to 17% of the trading fleet * Asia-N.Europe Box Rates Plunge 17 pct 
Steel News:Global iron ore prices to tumble to $ 50 by December 
Energy News:Oil edges up on lower U.S. rig count, weaker dollar 
Biz China:China Magnesium: Export trade thin after week-long Chinese holiday 

Baltic Dry Index)BDI      809             (-8()BCI   1,549            -49          ()BPI      761 +25BSI      669             ()-3BHSI    380             ()-2 

TC Avg ($/day) BCI  5T/C     10,714       () -455()BPI  4T/C       6,102      +198BSI  6T/C       6,995         ()-33
Exchange RateUSD / KRW   1,159.4USD / RMB    6.3406
Crude Future ($/barrel)WTI       49.51Brent     53.04
Buker  (Singapore, $/ton)  IF380      IFO180     MDO     MGO253.50      268.50     457.00   467.00