News Brief:

Shipbuilding News:

* Yangzijiang retains profit in 2015 in weak shipbuilding market

* Troubles brewing at Sinopacific’s ship design unit and Dayang yard

* S. Korean shipbuilders grapple with falling demand

* CMA CGM denies ULC talks

Shipping News:

* Baltic index up on firm rates for panamaxes, smaller vessels

* Handy/MR tankers among the most promising vessels in the market

Steel News:

* Shanghai steel jumps in boost for iron ore; iron eyes best month since 2012

Energy News:

* Oil prices rise after PBOC's decision

Biz China:

* China cuts RRR to bolster growth

* Baltic Dry Index

BDI      329          ()

+2

()

BCI      174           -3

)

        (BPI      354 +2

BSI      339          ()

+6

BHSI    214          ()

+2

* TC Avg ($/day)

BCI  5T/C     2,356          ()

-40

()

BPI  4T/C     2,845         +22

BSI  6T/C     3,542         ()

+61

* Exchange Rate

USD / KRW   1,235.4

USD / RMB    6.5385

* Crude Future ($/barrel)

WTI       33.89

Brent     36.60