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