News Brief:

Shipbuilding News:

* DSME nets LNG-FSU upgrade deal

* Creditor group to hold STX's interest rate cut

* Korea to raise financial transparency  

* Japan won ‘three’ newbuilds in January

* Global NB orderbook plunged

Shipping News:

* Baltic sea freight index up for fourth straight session

* Dry bulk carriers sold at low prices as owners flee for cover

Steel News:

* Iron ore at 3-month peak as firmer China steel spurs buyers

Energy News:

* Oil prices surge as Iran supports output freeze

Biz China:

* China raises deposit rate for housing provident fund

* Baltic Dry Index

BDI      307          ()

+6

(0)

BCI      223          

)

      (BPI      357 +11

BSI      259          ()

+7

BHSI    186          ()

+2

* TC Avg ($/day)

BCI  5T/C     2,799           ()

-6

()

BPI  4T/C     2,862         +90

BSI  6T/C     2,710         ()

+72

* Exchange Rate

USD / KRW   1,224.8

USD / RMB    6.5152

* Crude Future ($/barrel)

WTI       31.35

Brent     34.91