News Brief:
Shipbuilding News:* China wins 10 400K VLOCs? * COSCO delays FPSO delivery* China controls shipyard expansion * SPP appeals to creditors * Creditors send final notice to DSME * SHI turns into profit in 3Q 

Shipping News:* Dry bulk FFA market: Paper under pressure as physical perks up* Dry bulk owner Precious Shipping posts higher third quarter loss
Steel News:* Dalian iron ore ticks higher after China rate cut, steel struggles
Energy News:* Oil prices drop amid supply glut worries
Biz China:* Interest rate wars unlikely as China frees bank deposit rates
* Baltic Dry Index)BDI      759            (-15()

BCI   1,403            -58            ()

BPI      681 -2BSI      646             ()-2BHSI    360             ()-2 

* TC Avg ($/day) BCI  5T/C     10,089       () -466()

BPI  4T/C       5,458         -11

BSI  6T/C       6,756         ()-22
* Exchange RateUSD / KRW   1,134.1USD / RMB    6.3494
* Crude Future ($/barrel)WTI       43.79Brent     47.43
* Buker  (Singapore, $/ton)  IF380      IFO180     MDO     MGO227.00      242.00     422.00   432.00