News Brief:

Shipbuilding News:

* DSME wins 1st order of 2016

* HHIC to receive fund injection

* STX France inks LOI for 2+2 cruise ships

* Korean yards desperate for governmental support

* "Shipbuilders need to employ new workers"

Shipping News:

* Baltic index rises as capesizes continue to support

* Asian LR1 rates tumble on tepid naphtha, middle distillate movement

Steel News:

* Iron ore stalls on weak Chinese buying interest, rising supply

Energy News:

* Oil steady as Iraqi exports up, offsetting U.S. inventories drop

Biz China:

* China's forex reserves end falling streak

* Baltic Dry Index

BDI      517       ()

+17

()

BCI      562      +85

()

BPI      627        +8

BSI      485         ()

+3

BHSI    280         ()

+2

*  TC Avg ($/day)

BCI  5T/C     4,533       ()BPI  4T/C     5,003        ()

+506

+63

BSI  6T/C     5,069        ()

+33

* Exchange Rate

USD / KRW   1,154.5

USD / RMB    6.4733

* Crude Future ($/barrel)

WTI       37.54

Brent     39.68

* Buker  (Singapore, $/ton)

 IF380      IFO180     MDO     MGO

178.00      188.00     327.00   337.00