News Brief:

Shipbuilding News:

* China’s government-backed Wuzhou Shipyard declared bankrupt

* Chinese shipyard rises to world’s No. 5 player for first time

* DSME to delay delivery of four drillships

* SHI-built FLNG sub hull delayed

* South Korea’s stranglehold on the shipbuilding industry loosens, but only just

Shipping News:

* Baltic index nears all time lows on weak China demand

* Ships’ secondhand values may face structural headwinds

Steel News:

* Iron Ore, Copper Miners’ Rough Year Might Not Get Much Better in 2016

Energy News:

* Oil prices fall even with spat between 2 big producers

Biz China:

* China's economy expected to stabilize in 2016

* Baltic Dry Index

BDI      473          ()

-5

()

BCI      472          +2

)

        (BPI      464 +2

BSI      449           ()

-1

BHSI    267           ()

-3

* TC Avg ($/day)

BCI  5T/C     4,811         ()

-154

()

BPI  4T/C     3,706          +14

BSI  6T/C     4,699            ()

-4

* Exchange Rate

USD / KRW   1,184.3

USD / RMB    6.5169

* Crude Future ($/barrel)

WTI       36.87

Brent     37.27

* Buker  (Singapore, $/ton)

 IF380      IFO180     MDO     MGO

181.00      184.00     319.00   329.00