News Brief:

Shipbuilding News:

* Nam Cheong receives barge cancellation notice

* DSME delivers Songa's 4th Semi-Rig

* "Big3 need to be consolidated into one or two"

* [1Q Report] Korea caught in 'Order Draught'

* JMU awarded 55 newbuildings in 2015

Shipping News:

* Asia Capesize Rates to Firm as Owners Resist Downward Pressure

* Asia’s Feb imports of Iran oil hit 2-year high

Steel News:

* Iron Ore’s 24% Surge Is Set to Fade as McKinsey Warns of Risks

Energy News:

* Banks Raise Oil Price Forecasts But Remain Cautious

Biz China:

* China's current account surplus grows

* Baltic Dry Index

BDI      429        ()

+15

()

BCI      270        +60

()

BPI      501        +17

BSI      476         ()

+1

BHSI    272         ()

+1

* TC Avg ($/day)

BCI  5T/C     2,518       ()BPI  4T/C     4,008       ()

+367

+141

BSI  6T/C     4,981        ()

+14

* Exchange Rate

USD / KRW   1,144.5

USD / RMB    6.4585

* Crude Future ($/barrel)

WTI       38.14

Brent     40.14

* Buker  (Singapore, $/ton)

 IF380      IFO180     MDO     MGO

178.00      188.00     330.00   340.00