News Brief:

 

Shipbuilding News:

* COSCO cuts jobs in Guangdong yard

* DSME transfers two TKs from DMHI

* Sungdong names tanker duo

* Hyundai Heavy faces $100 mil. additional tax

* Japan reviews ways to expand ship exports

Shipping News:

* China International Marine Plans $928 Million Share Sale

* VLCC tanker rates rise 7% during the first quarter of 2016

 

Steel News:

* China to open up iron ore futures to foreign investors

 

Energy News:

* Crude prices rise ahead of producers' meeting

 

Biz China:

* Slower growth projected in China

 

* Baltic Dry Index

BDI 555 (+16)

BCI 733 (+77)

BPI 654 (+11)

BSI 492 (+4)

BHSI 288 (+2)

 

* TC Avg ($/day)

BCI 5T/C 5,533 (+444)
BPI 4T/C 5,216 (+85)

BSI 6T/C 5,146 (+44)

* Exchange Rate

USD / KRW 1,149.2

USD / RMB 6.4616

 

* Crude Future ($/barrel)

WTI 40.34

Brent 42.70

* Buker (Singapore, $/ton) IF380 IFO180 MDO MGO

188.00 198.00 337.00 347.00

 

Shipbuilding News:

* COSCO cuts jobs in Guangdong yard

* DSME transfers two TKs from DMHI

* Sungdong names tanker duo

* Hyundai Heavy faces $100 mil. additional tax

* Japan reviews ways to expand ship exports

Shipping News:

* China International Marine Plans $928 Million Share Sale

* VLCC tanker rates rise 7% during the first quarter of 2016

Steel News:

* China to open up iron ore futures to foreign investors

Energy News:

* Crude prices rise ahead of producers' meeting

Biz China:

* Slower growth projected in China

* Baltic Dry Index

BDI      555         (+16)

BCI      733         (+77)

BPI      654         (+11)

BSI      492          (+4)

BHSI    288          (+2)

* TC Avg ($/day)

BCI  5T/C     5,533       (+444)

BPI  4T/C     5,216        (+85)

BSI  6T/C     5,146        (+44)

* Exchange Rate

USD / KRW   1,149.2

USD / RMB    6.4616

* Crude Future ($/barrel)

WTI       40.34

Brent     42.70

* Buker  (Singapore, $/ton)

IF380      IFO180     MDO     MGO

188.00      198.00     337.00   347.00