News Brief:

Shipbuilding News:

* XSI wins chemical tanker

* Huadong sells shipbuilding assets

* Navig8 adds loan for STX-built TKs

* Subic shipyard of Hanjin under due diligence  

* Kitanihon bags 38K Chem TK duo

Shipping News:

* BDI breaks lowest record again

* Record low capesizes rates keep Baltic index on downward spiral

* China’s coastal coal freight rates fall in week to Tuesday

Steel News:

* Iron ore stretches losses on risk of more China steel closures

Energy News:

* Oil prices extend losses amid supply glut

Biz China:

* China's trade surplus up 56.7% in 2015

* Baltic Dry Index

BDI      402          ()

-13

()

BCI      266          -48

)

         (BPI      411 -9

BSI      416           ()

-6

BHSI    250           ()

-1

* TC Avg ($/day)

BCI  5T/C     3,261         ()

-333

()

BPI  4T/C     3,285          -76

BSI  6T/C     4,352          ()

-64

* Exchange Rate

USD / KRW   1,208.5

USD / RMB    6.5630

* Crude Future ($/barrel)

WTI       30.56

Brent     31.25

* Buker  (Singapore, $/ton)

 IF380      IFO180     MDO     MGO

152.50      157.00     274.50   284.50