Shipbuilding News 2016/03/25
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