News Brief:

Shipbuilding News:

* China to provide ship financing for Iran

* COSCO considers new yard in Sri Lanka

* Samjin resumes newbuilding, eyes 20 ships annually

* Top 10 Chinese yards take 71% of China’s new orders in 2015

* S. Korean shipbuilders cut order target by 20 pct this year

Shipping News:

* Baltic index tumbles further over demand worries

* Ship owners buy Capesizes in the S&P market and order tanker newbuildings

Steel News:

* Dalian iron ore futures rise for third day on low steel stockpiles

Energy News:

* Oil sucks stocks down as global recession fears bubble up

Biz China:

* IMF sees Chinese growth slowing to 6% by 2017

* Baltic Dry Index

BDI      363          ()

-6

()

BCI      185         -12

)

        (BPI      369 -6

BSI      381          ()

-7

BHSI    240          ()

-3

* TC Avg ($/day)

BCI  5T/C     2,662         ()

-68

()

BPI  4T/C     2,952         -47

BSI  6T/C     3,989         ()

-71

* Exchange Rate

USD / KRW   1,209.9

USD / RMB    6.5578

* Crude Future ($/barrel)

WTI       28.33

Brent     28.66