Shipbuilding News 2015/10/29

News Brief:
Shipbuilding News:* China EximBank, ING earmarks $1bn for China-built ships and offshore equipment* HHI-built drillilng rig cancelled * DSME offshore loss $662m* Korea Ship Finance Forum kickstarts* Korea to block excessive competition* KHI bags one VLGC  

Shipping News:* Tanker markets: Is there a “chick in the armor” after all? * Black Sea-Med Suezmax freight rates at multi-month high on delays
Steel News:* Dalian iron ore hits 2-month low as steel prices sink
Energy News:* Oil prices jump despite rising U.S. inventories
Biz China:* China enters key phase to avoid middle income trap

Baltic Dry Index)

BDI      736             (-3()

BCI   1,275            -32           ()

BPI      687 +1

BSI      643             ()-2

BHSI    354             ()-2 

TC Avg ($/day) 

BCI  5T/C       9,354       () -735()

BPI  4T/C       5,491       +33

BSI  6T/C       6,744        ()-12
Exchange RateUSD / KRW   1,132.9USD / RMB    6.3596
Crude Future ($/barrel)WTI       46.07Brent     49.15
Buker  (Singapore, $/ton)  IF380      IFO180     MDO     MGO233.50      245.00     422.50