News Brief:

Shipbuilding News:

* CMB Financial Leasing eyes bigger shipping assets, portfolio diversification

* JES sells its shipbuilding business

* COSCO makes net loss of SGD 570m

* DSME's loss expected for 4Q 2015  

* "BC orders down, boxship orders continue" in 2016

Shipping News:

* Tanker market upside constrained by fleet growth and demand side risks

* Long range tanker rates on Med-Japan route hit 20-week low

Steel News:

* Iron ore at multi-week highs, but gains seen fragile

Energy News:

* Oil prices drop amid disappointing output freeze

Biz China:

* China's new yuan loans soar in January

* Baltic Dry Index

BDI      301          ()

+6

()

BCI      223        +19

)

      (BPI      346 +12

BSI      252          ()

+5

BHSI    184          ()

+1

* TC Avg ($/day)

BCI  5T/C     2,805          ()

+84

()

BPI  4T/C     2,772          +95

BSI  6T/C     2,638          ()

+58

* Exchange Rate

USD / KRW   1,216.6

USD / RMB    6.5237

* Crude Future ($/barrel)

WTI       29.15

Brent     32.54