Shipbuilding News 2015/11/25
News Brief:
Shipbuilding News:
* CSSC OME wins 3+2 MR tankers
* Chinese NB orders plunged by 62%
* HHIC Subic reaches 100th keel-laying
* DSME's halted LPG ship operation to resume
* Busan boosts offshore cluster
Shipping News:
* Cosco-China Shipping Group Merger Approval Expected by January
* VLCC rates stabilizing, while owners could see renewed gains thanks to strong West Africa demand
Steel News:
* Lower steel mill rates in China could pressure iron ore prices: CISA
Energy News:
* Stein’s law says oil prices will rise: Kemp
Biz China:
* China provides over 30% of outsourcing globally: report
* Baltic Dry Index
)
BDI 528 (+12
()
BCI 731 +33
()
BPI 460 -1
BSI 467 ()
-2
BHSI 285 ()
-1
* TC Avg ($/day)
BCI 5T/C 6,409 ()
+756
()
BPI 4T/C 3,680 -13
BSI 6T/C 4,887 ()
-32
* Exchange Rate
USD / KRW 1,155.6
USD / RMB 6.3877
* Crude Future ($/barrel)
WTI 42.68
Brent 46.04
* Buker (Singapore, $/ton)
IF380 IFO180 MDO MGO
223.00 235.00 419.00 429.00