News Brief:

Shipbuilding News:

* Jiangnan inks Greek VLGC

* COSCO delayed drilling rig again

* Merger of CSIC and CSSC may be completed ‘in one year’

* Sainty Marine wins arbitration

* Scorpio orders more MR

* Korea tops new order contracting

Shipping News:

* "Ship operating costs to increase for 2015-2016"

* USGC-Europe MR freight rate falls to 8.5-month low as ships sit prompt

Steel News:

* Iron ore languishes at 4-month low with no recovery seen in steel

Energy News:

* Oil ends down as much as 2 pct on oversupply, gasoline pressure

Biz China:

* China's exports to remain flat, imports to fall this year

* Baltic Dry Index

)

BDI      640            (-17

()

BCI   1,002            -41

          ()

BPI      618 -18

BSI      584            ()

-12

BHSI    328             ()

-5

* TC Avg ($/day)

BCI  5T/C       7,374       ()

-264

()

BPI  4T/C       4,938       -147

BSI  6T/C       6,104       ()

-126

* Exchange Rate

USD / KRW   1,137.1

USD / RMB    6.3459

* Crude Future ($/barrel)

WTI       45.41

Brent     48.84

* Buker  (Singapore, $/ton)

 IF380      IFO180     MDO     MGO

241.00      249.50     441.00   451.00