News Brief:

Shipbuilding News:

* Jiangdong clinches bulker deal

* HHIC creditors agree to joint management

* SPP creditors sign MOU with buyer

* HHI Group splits off two affiliates

* DSME corrects losses in 2013-2015

Shipping News:

* Hanjin Shipping to offload assets to cut debt

* Hyundai Merchant Marine strives to cut charter fees to stay afloat

Steel News:

* Iron Ore Sinks Toward $50 Amid China Concern as BHP, Rio Retreat

Energy News:

* Oil prices extend loss amid supply glut

Biz China:

* Shanghai to cool housing market

* Baltic Dry Index

BDI      406        ()

+5

BCI      203        ()+7

BPI      466        ()+8

BSI      473        ()

+5

BHSI    268        ()

+2

* TC Avg ($/day)

BCI  5T/C     2,082        ()

+77

BPI  4T/C     3,731        ()+58

BSI  6T/C     4,944        ()

+47

* Exchange Rate

USD / KRW   1,167.1

USD / RMB    6.5223

* Crude Future ($/barrel)

WTI       39.72

Brent     40.40

* Buker  (Singapore, $/ton)

 IF380      IFO180     MDO     MGO

180.00      190.00     340.00   350.00