News Brief:

Shipbuilding News:

* HHI wins 1st LNG-FSRU of 2016

* DSME, "profit target not yet decided"

* Japan NB exports down by 72% in Jan-Feb

* BC demolition breaks 10m dwt level

Shipping News:

* Asian LR2 rates surge as demand rises amid wide discount to LR1s

* Asia-Europe Box Rates Rates Fall 9 pct

Steel News:

* Iron ore glut seen easing path to China nod for Vale-Fortescue tie-up

Energy News:

* Oil prices gain amid declining supplies

Biz China:

* China Jan-Feb activity data weak, policy easing expected

* Baltic Dry Index

BDI      388         ()

+4

()

BCI      176          -2

)

     (BPI      477 +11

BSI      420         ()

+8

BHSI    249         ()

+3

* TC Avg ($/day)

BCI  5T/C     2,172          ()

-46

()

BPI  4T/C     3,827         +88

BSI  6T/C     4,391         ()

+85

* Exchange Rate

USD / KRW   1,200.1

USD / RMB    6.4913

* Crude Future ($/barrel)

WTI       38.29

Brent     40.25