News Brief:

Shipbuilding News:

* Huatai wins chemical tanker octet

* CSSC reveals smart ship project

* TMS Cardiff orders more LPGCs

* JMU-Onomichi collaborate in MR TK

* Shipbuilders’ new orders dip to 6-year low in Nov.

Shipping News:

* Dry bulk market on reverse mode, set to break new all-time lows

* Tanker shipping rates to soften from 2016

Steel News:

* Iron ore seen dropping below $40 as China steel demand wanes

Energy News:

* Oil prices dip below $40

Biz China:

* Premier promises economists more structural reforms

* Baltic Dry Index

BDI      574          (-16)

BCI      931          (-70)

BPI      438           (-8)

BSI      470           (-2)

BHSI    286           (0)

* TC Avg ($/day)

BCI  5T/C     8,189         ()

-526

()

BPI  4T/C     3,505           -62

BSI  6T/C     4,917           ()

-15

* Exchange Rate

USD / KRW   1,167.4

USD / RMB    6.3851

* Crude Future ($/barrel)

WTI       41.29

Brent     43.98

* Buker  (Singapore, $/ton)

 IF380      IFO180     MDO     MGO

202.00      213.50     393.00   403.00