Shipbuilding News 2015/11/18
News Brief:
Shipbuilding News:
* Cosco Shipyard seals $3.1bn financing from China Development Bank
* Kouan bags feeder boxships
* CMES approves VLOC order
* DSME bags Greek VLCC order
* HHI saw 23% drop in new orders
* Japan NB orders continue upwards
Shipping News:
* Sinotrans shipping unit to have new owner after merger
* Cross-Med Dirty Handysize rates rise to 3.5-month high on tight tonnage
Steel News:
* Shipyards asking lowering thick plate prices
Energy News:
* Oil prices drop amid rising supplies
Biz China:
* Tax cut will move Chinese economy into new growth cycle
* Baltic Dry Index
)
BDI 537 (-13
()
BCI 733 -37
()
BPI 487 -13
BSI 504 ()
-12
BHSI 296 ()
-6
* TC Avg ($/day)
BCI 5T/C 5,968 ()
-167
()
BPI 4T/C 3,892 -105
BSI 6T/C 5,269 ()
-129
* Exchange Rate
USD / KRW 1,169.2
USD / RMB 6.3796
* Crude Future ($/barrel)
WTI 41.11
Brent 43.97
* Buker (Singapore, $/ton)
IF380 IFO180 MDO MGO
223.00 233.50 414.50 424.50