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