Shipbuilding News 2016/04/11

News Brief:

Shipbuilding News:

* CSIC completes engine business reshuffle

* "SHI and DSME might be merged"

* HHI union demands, 'Unreasonable'

* NB cancellation to prevail in 2016

* Big3 shipyards to turn around in 1Q

Shipping News:

* Tanker Market: The case for Libya’s higher ton-mile exports appears to be fading

* Asia crude sellers offer spot cargoes as regional surplus rises

Steel News:

* China to cut steel capacity to 1.13 billion tonnes by 2020, industry official says

Energy News:

* Crude prices jump amid shrinking output

Biz China:

* China to deepen SOE reform in 2016

* Baltic Dry Index

BDI 539 (+22)

BCI 656 (+94)

BPI 643 (+16)

BSI 488 (+3)

BHSI 286 (+6)

* TC Avg ($/day)

BCI 5T/C 4,533

BPI 4T/C 5,003

BSI 6T/C 5,069

* Exchange Rate

USD / KRW 1,156.5

USD / RMB 6.4649

* Crude Future ($/barrel)

WTI 39.69

Brent 42.00

* Buker (Singapore, $/ton)

IF380 IFO180 MDO MGO

183.00 193.00 332.00 342.00