News Brief:

Shipbuilding News:

* Sekwang's assets sold in auction

* HHI shipyards’ orders plummeted

* SPP takeover negotiation face difficulty

* Korean Big3 ditch subsea business

* Japanese shipbuilders rise again  

Shipping News:

* China Merchants Group joins race to buy Baltic Exchange

* Dry bulk sectors struggling due to excess vessel supply, low bunker prices

Steel News:

* Dalian iron ore hits one-week low, slow China steel demand weighs

Energy News:

* Oil Producers Seek to Shore Up Rally With Mid-April Summit

Biz China:

* Country will achieve growth targets, says Premier Li  

* Baltic Dry Index

BDI      393          ()

-3

()

BCI      172        -14

)

        (BPI      474 -7

BSI      439         ()

+7

BHSI    257         ()

+2

* TC Avg ($/day)

BCI  5T/C     2,034        ()

-177

()

BPI  4T/C     3,808          -51

BSI  6T/C     4,592         ()

+78

* Exchange Rate

USD / KRW   1,192.7

USD / RMB    6.4961

* Crude Future ($/barrel)

WTI       38.55

Brent     40.45

* Buker  (Singapore, $/ton)

 IF380      IFO180     MDO     MGO

177.00      185.00     333.00   343.00