News Brief:

Shipbuilding News:

* Ningbo Xinle wins chemical tanker duo

* Daehan achieves 1st delivery of 2016

* Big3 yield KRW 8trn deficit last year

* Korea-China ran neck and neck last year

* JMU built 49 newbuildings in 2015

Shipping News:

* China’s dry bulk owners to get hit by ‘wave of bankruptcies’: SISI

* Dry bulk market’s crisis deepens as rates are dropping to new record lows by the day

Steel News:

* Chinese iron ore futures steady, but glut weighs

Energy News:

* Oil prices decline amid supply glut

Biz China:

* Yuan swings prompt companies to cut dollar debt

* Baltic Dry Index

BDI      445          ()

-22

()

BCI      399          -68

)

        (BPI      450 -14

BSI      436           ()

-6

BHSI    259           ()

-4

* TC Avg ($/day)

BCI  5T/C     4,198         ()

-562

()

BPI  4T/C     3,595         -110

BSI  6T/C     4,555          ()

-64

* Exchange Rate

USD / KRW   1,199.7

USD / RMB    6.5636

* Crude Future ($/barrel)

WTI       33.31

Brent     34.02

* Buker  (Singapore, $/ton)

 IF380      IFO180     MDO     MGO

161.50      165.00     300.50   310.50