Shipbuilding News 2015/10/13
News Brief:
Shipbuilding News:* Defunct Zhenghe yard calls for new investors to help with restructuring * Coastal Contracts goes to arbitration to settle dispute with CIMC Raffles Offshore * Petrofac cancels deepwater offshore newbuild contract at ZPMC * HMD bags Japanese MR duo * Dae Sun wins more 1,800TEUs * Korean ship financing, ‘not enough’
Shipping News:* China’s Supertanker Traffic Jam Propels Global Shipping Rates* WAF-Far East VLCC freight rates rise to fresh 5.5-year high on tight tonnage
Steel News:* Dalian iron ore retreats after rally, Shanghai rebar cuts gains
Energy News:* Oil prices plunge amid increasing output
Biz China:* Central bank to expand relending plan
* Baltic Dry Index0)BDI 809 (()BCI 1,551 +2 ()BPI 768 +7BSI 666 ()-3BHSI 380 (0)
* TC Avg ($/day) BCI 5T/C 10,706 () -8()BPI 4T/C 6,156 +54BSI 6T/C 6,964 ()-31
* Exchange RateUSD / KRW 1,147.4USD / RMB 6.3231
* Crude Future ($/barrel)WTI 47.46Brent 50.75
* Buker (Singapore, $/ton) IF380 IFO180 MDO MGO254.00 269.00 459.00 469.00
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