News Brief:

Shipbuilding News:

* YZJ net profit decreased

* Fincantieri teams up with HRDD

* Sainty Marine struggles with a deep loss of $816m in 2015

* DSME might win orders from Iran

* Hyundai-Vinashin wins tanker duo?

Shipping News:

* Baltic index continues to rise; up for 15th straight session

* Asia Capesize Rates to Stay Flat Despite Increase in Idle, Scrapped Ships

Steel News:

* Dalian iron ore cuts gains as Shanghai steel retreats

Energy News:

* Oil prices steady after three-day rally

Biz China:

* Yuan's large depreciation impossible, says economist

* Baltic Dry Index

BDI      342         ()

+7

()

BCI      166          -5

)

      (BPI      374 +10

BSI      363        ()

+13

BHSI    227         ()

+7

* TC Avg ($/day)

BCI  5T/C     2,236          ()

-55

()

BPI  4T/C     3,004         +84

BSI  6T/C     3,796       ()

+135

* Exchange Rate

USD / KRW   1,218.9

USD / RMB    6.5284

* Crude Future ($/barrel)

WTI       34.66

Brent     37.04