Shipbuilding News 2016/03/28
News Brief:
Shipbuilding News:
* CMHI Jiangsu wins first VLOC
* CMES-VALE ink affreightment deal
* CSSC invests in affiliate yard
* DSME made loss for three consecutive years
Shipping News:
* Dry bulk shipping fleet will grow by 1.3% during 2016
* Asian VLCC freight rate drops 39% on week on muted demand
Steel News:
* Shanghai rebar futures slide from 9-mth high, iron ore extends losses
Energy News:
* Oil futures fall after EIA reports bigger-than-expected crude build
Biz China:
* Surprise rise in industrial profits
* Baltic Dry Index
BDI 406 (0)
(0)
BCI 203
(0)
BPI 466
BSI 473 (0)
BHSI 268 (0)
(0)
* TC Avg ($/day)
BCI 5T/C 2,082 (0)
BPI 4T/C 3,731
BSI 6T/C 4,944 (0)
* Exchange Rate
USD / KRW 1,169.4
USD / RMB 6.5232
* Crude Future ($/barrel)
WTI 39.55
Brent 40.58
* Buker (Singapore, $/ton)
IF380 IFO180 MDO MGO
180.00 190.00 340.00 350.00