News Brief:
Shipbuilding News:* China Cancels Shipbuilding Projects* DSME to extend loan term for subsidiary * DSME loss reach $3.8bn y-t-d * DSME gets fund injection * HMD turned profit in 3Q* HHI saw 21% drop in new orders  

Shipping News:* Cosco Pacific Q3 profit down 14% to $75m* Mediterranean-Japan LR tanker rates hit 1.5-month high on tight tonnage
Steel News:* China steel output falls, prices retreat 
Energy News:* Oil dips as US stockpiles expected to rise again 
Biz China:* China's Sept industrial profits narrow decline 
* Baltic Dry Index0)BDI      759             ((0)

BCI   1,403                         (0)

BPI      681 BSI      646             (0)

BHSI    360             (0)

* TC Avg ($/day) BCI  5T/C     10,089       (0) (0)

BPI  4T/C       5,458       

BSI  6T/C       6,756       (0)
* Exchange RateUSD / KRW   1,131.2USD / RMB    6.3536
* Crude Future ($/barrel)WTI       43.38Brent     46.91
* Buker  (Singapore, $/ton)  IF380      IFO180     MDO     MGO227.00      242.00     415.00   425.00