News Brief:

Shipbuilding News:

* YZJ bags four 11,800 teu boxships

* STX won additional LR1 TK pairs

* Sungdong nets Aframax TK deal

* HMD in talks for LPGC order

* SPP files petition for revival as a shipyard

* DSME experienced fire again

Shipping News:

* Dry bulk FFA market: Happy New Year, or maybe not

* Tanker Market: Unipec retains top spot in crude tanker charterer list during 2015

Steel News:

* Chinese iron ore futures tumble on continued demand worries

Energy News:

* Oil drops over 2 percent as China slowdown weighs; market loses faith in rebound

Biz China:

* China’s tax reforms move at a slow pace

* Baltic Dry Index

BDI      429          ()

-16

()

BCI      343          -56

)

        (BPI      434 -16

BSI      430           ()

-6

BHSI    256           ()

-3

* TC Avg ($/day)

BCI  5T/C     3,818         ()

-380

()

BPI  4T/C     3,466         -129

BSI  6T/C     4,494          ()

-61

* Exchange Rate

USD / KRW   1,196.2

USD / RMB    6.5626

* Crude Future ($/barrel)

WTI       32.86

Brent     33.72

* Buker  (Singapore, $/ton)

 IF380      IFO180     MDO     MGO

170.50      175.00     307.50   317.50