News Brief:

Shipbuilding News:

* Yangzijiang Shipbuilding upgraded to ‘add’ by CIMB with lower $1.10 target price

* Scorpio Bulkers delays delivery of 8 BCs

* SHI FLNG deal extended

* Newbuilding ordering activity dries up

Shipping News:

* “VLGC boom is over”

* “Tanker boom bubble will burst”

* Shipping Companies Seek Details on ‘Impossible’ Container Weight Rule

Steel News:

* Dalian iron ore jumps in tandem with Shanghai steel on demand hopes

Energy News:

* Oil prices fall on huge build in US crude stocks

Biz China:

* More pro-growth policies expected for China's economy  

* Baltic Dry Index

BDI      332          ()

+3

()

BCI      174           0

)

        (BPI      357 +3

BSI      345          ()

+6

BHSI    217          ()

+3

* TC Avg ($/day)

BCI  5T/C     2,327          ()

-29

()

BPI  4T/C     2,869          +24

BSI  6T/C     3,605          ()

+63

* Exchange Rate

USD / KRW   1,240.9

USD / RMB    6.5490

* Crude Future ($/barrel)

WTI       33.88

Brent     36.62