News Brief:

Shipbuilding News:

* SHI-DSME won no order in 1Q

* 2Q ship export outlook “Cloudy”

* Imabari equips scrubber in BC

* "DSME to make desperate efforts"

Shipping News:

* Dry Bulk Market: Finding the silver lining in China’s Valemax orders

* Shipping firm says dry bulk business outlook promising

Steel News:

* Iron ore steady, firm China steel pricing keeps buying interest intact  

Energy News:

* OPEC oil output rises in March as Iran, Iraq growth offsets outages

Biz China:

* Reducing social security burden not an easy job

* Baltic Dry Index

BDI      414         ()

+5

()

BCI      210        +3

()

BPI      484      +13

BSI      475         ()

+1

BHSI    271         ()

+1

* TC Avg ($/day)

BCI  5T/C     2,151         ()BPI  4T/C     3,867         ()

+52

+95

BSI  6T/C     4,967          ()

+7

* Exchange Rate

USD / KRW   1,153.5

USD / RMB    6.4612

* Crude Future ($/barrel)

WTI       38.28

Brent     39.84

* Buker  (Singapore, $/ton)

 IF380      IFO180     MDO     MGO

183.00      193.00     350.00   360.00