Shipbuilding News 2015/10/21

News Brief:
Shipbuilding News:* K-sure to assist Sungdong* Coordinator selected for SPP sale* Daehan successfully recovered early* DSME ranks the world top for 11 months* DSME to cut up to 400 managers* Industrial restructuring commenced in Korea 

Shipping News:* Shipbroker sees Capesize rates easily reaching $25,000/day by year-end* China VLCC sells two
Steel News:* Dalian iron ore steadies after weak China GDP; China steel output drops 
Energy News:* Oil prices plunge amid strong U.S. dollar
Biz China:* China's industrial output up 5.7% in September

Baltic Dry Index)BDI      747             (-7()

BCI   1,312             -6          ()

BPI      710 -12BSI      656             ()-2

BHSI    371             ()-5 

TC Avg ($/day) BCI  5T/C       9,137       () -93()

BPI  4T/C       5,694       -95

BSI  6T/C       6,861       ()-21

Exchange RateUSD / KRW   1,125.3USD / RMB    6.3614
Crude Future ($/barrel)WTI       46.25Brent     48.83
Buker  (Singapore, $/ton)  IF380      IFO180     MDO     MGO235.00      248.50     432.00   442.00
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