News Brief:

Shipbuilding News:

* Grimaldi exercises PCTC options

* SK downscales LNGC order

* HHIC creditors decide on joint management

* MHI experienced small fire

* Scorpio Tankers to upsize credit facility

Shipping News:

* Asian VLCC rates fall again, down by 44% since start of year

* Tanker freight up sharply on crude oil demand

Steel News:

* Dalian iron ore stabilises after slide, but downside risk remains

Energy News:

* Oil prices bounce back from 12-year lows

Biz China:

* Big banks to set aside US$77b in additional capital from 2019  

* Baltic Dry Index

BDI      383         ()

-11

()

BCI      225         -20

)

       (BPI      388 -11

BSI      402         ()

-10

BHSI    247          ()

-3

* TC Avg ($/day)

BCI  5T/C     2,941         ()

-160

()

BPI  4T/C     3,103          -85

BSI  6T/C     4,202         ()

-106

* Exchange Rate

USD / KRW   1,212.7

USD / RMB    6.5637

* Crude Future ($/barrel)

WTI       31.13

Brent     31.00

* Buker  (Singapore, $/ton)

 IF380      IFO180     MDO     MGO

147.50      152.00     267.50   277.50