News Brief:

Shipbuilding News:

* Pioneer to change NB contract

* Daehan bags Aframax TK newbuildings

* Besiktas acquires STX floating dock

* M&T wins FPSO contract

* SPP Shipbuilding seeks buyer

* DSME to see massive loss in 2015

Shipping News:

* December schedule will trigger new freight rate rally

* Asia Tankers-Basra crude cargoes to give VLCC rates direction this week

Steel News:

* Northern Chinese steel mills news weighs Iron Ore market

Energy News:

* Oil prices gain amid rising geopolitical tensions

Biz China:

* China outbound direct investment surges in Jan – Oct

* Baltic Dry Index

)

BDI      550           (-10

()

BCI      770           -39

         ()

BPI      500 -14

BSI      516            ()

-7

BHSI    302            ()

-2

* TC Avg ($/day)

BCI  5T/C       6,135       ()

-145

()

BPI  4T/C       3,997       -111

BSI  6T/C       5,398         ()

-68

* Exchange Rate

USD / KRW   1,172.7

USD / RMB    6.3740

* Crude Future ($/barrel)

WTI       41.94

Brent     44.70

* Buker  (Singapore, $/ton)

 IF380      IFO180     MDO     MGO

219.50      230.00     414.00   424.00