News Brief:

Shipbuilding News:

* HMD builds first DF propulsion PC

* SPP asks creditor banks to issue RG

* Salvage of STX O&S decided on Dec 9

* DSME capital increase to reach KRW 1trn

* SHI to support Sungdong with experts

* “Industry might take upturn in 2016”

Shipping News:

* Baltic sea freight index flat despite improving capesize demand

* Vale says Valemax ship sale, leaseback could fetch $1.1 bln

Steel News:

* China’s iron ore imports surge 22 pct in November

Energy News:

* Crude prices drop amid ample supplies

Biz China:

* China foreign trade decline contracts in November

* Baltic Dry Index

BDI      551            (0)

()

BCI      870        +18

         ()

BPI      420 -6

BSI      461           ()

-4

BHSI    286           (0)

* TC Avg ($/day)

BCI  5T/C     7,609          ()

+87

()

BPI  4T/C     3,360           -44

BSI  6T/C     4,823           ()

-40

* Exchange Rate

USD / KRW   1,176.0

USD / RMB    6.4140

* Crude Future ($/barrel)

WTI       37.86

Brent     40.82

* Buker  (Singapore, $/ton)

 IF380      IFO180     MDO     MGO

188.00      199.50     375.00   387.00