Shipbuilding News 2016/03/22

News Brief:


Shipbuilding News:

* DACKS installs gantry cranes

* Rosneft signs Chinese suppliers for Zvezda

* STX-KOMERI ink MOU for FGSS utilization

* HMD vows to make further efforts

* KR achieves entry into Chinese market


Shipping News:

* Vale-COSCO ink iron ore transportation deal

* Tanker market on moderate pace


Steel News:

* Iron ore, steel stretch rally in China on property revival


Energy News:

* Asia Fuel Oil-Buying interest bumps 380cst premiums to highest levels since June


Biz China:

* China clarifies new five-year plan at key forum


* Baltic Dry Index

BDI      398         ()

+3

(0)

BCI      197          

()

BPI      459          -4

BSI      460       ()

+11

BHSI    262         ()

+2


* ()

TC Avg ($/day)

BCI  5T/C     2,031         ()

-5BPI  4T/C     3,678        -38

BSI  6T/C     4,807     ()

+108


* Exchange Rate

USD / KRW   1,165.3

USD / RMB    6.4971



* Crude Future ($/barrel)

WTI       41.62

Brent     41.47


*Buker  (Singapore, $/ton)

 IF380      IFO180     MDO     MGO

185.00      195.00     345.00   355.00