News Brief:

Shipbuilding News:

* Sale of DMHI failed

* “DSME restructuring goes smoothly”

* "DSME expected to turn profit"

* "HMD to get benefit from restructuring"

* "MR·LR TK demand to increase"  

Shipping News:

* Baltic sea freight index up on firmer Panamax rates

* Low bunker prices to support tanker earnings

Steel News:

* China predicts slide in iron ore price back $US40 a tonne

Energy News:

* Oil prices jump after U.S. government agency report

Biz China:

* China's deficit rise helpful to check deflation

* Baltic Dry Index

BDI      376         ()

+10

()

BCI      178           -2

)

       (BPI      447 +25

BSI      399         ()

+13

BHSI    243          ()

+3

* TC Avg ($/day)

BCI  5T/C     2,252           ()

-34

()

BPI  4T/C     3,593        +200

BSI  6T/C     4,168        ()

+136

* Exchange Rate

USD / KRW   1,214.5

USD / RMB    6.5127

* Crude Future ($/barrel)

WTI       38.17

Brent     40.89