Shipbuilding News 2015/10/22

News Brief:
Shipbuilding News:* YZJ performance to be damaged* CSSC invests $99m in propulsion R&D* STX bags chem TK quartet* DSME to receive additional fund* Korea ranked No.1 in NB delivery* "Restructuring gets serious in industry"  

Shipping News:* Asian benchmark LR1 rate spikes on surge in activity, tonnage squeeze* Limited ordering in the dry bulk market bodes well for future of market
Steel News:* Iron ore at near 3-month low as Shanghai rebar sags 
Energy News:* Oil prices drop as U.S. inventories climb 
Biz China:* China slims down gov't pricing catalogue 

Baltic Dry Index)BDI      780           (+18()BCI   1,483           +84            ()BPI      693 -8BSI      652             ()-2BHSI    366             ()-2 

TC Avg ($/day) BCI  5T/C     10,577       () +766()BPI  4T/C       5,556         -64BSI  6T/C       6,814         ()-27 Exchange RateUSD / KRW   1,131.3USD / RMB    6.3497
Crude Future ($/barrel)WTI       45.27Brent     47.96
Buker  (Singapore, $/ton)  IF380      IFO180     MDO     MGO233.00      246.50     426.50   435.50