News Brief:

Shipbuilding News:

* AVIC wins gas-ready ropax ferries

* JES to value its sale assets

* Sainty Marine to be listed for online auction

* "DSME can be sold early"

* Korea's NB sales lowest in 15 years

Shipping News:

* Dry bulk recovery will need demand growth to outpace supply, in order to materialize says shipbroker

* Dry bulk revisits 1980s lows and faces uncertain longer term outlook

Steel News:

* Iron ore under pressure as China’s port stocks highest in a year

Energy News:

* Crude prices jump amid shrinking inventory

Biz China:

* Local governments 'to be hit by adjustment to VAT'

* Baltic Dry Index

BDI      500        ()

+13

()

BCI      477       +11

()

BPI      619       +23

BSI      482         ()

+3

BHSI    278         ()

+3

* TC Avg ($/day)

BCI  5T/C     4,027         ()BPI  4T/C     4,940         ()

+187

+180

BSI  6T/C     5,036           ()

+32

* Exchange Rate

USD / KRW   1,155.9

USD / RMB    6.4707

* Crude Future ($/barrel)

WTI       37.74

Brent     39.90

* Buker  (Singapore, $/ton)

 IF380      IFO180     MDO     MGO

173.00      185.00     322.00   332.00