Shipbuilding News 2016/04/13
News Brief:
Shipbuilding News:
* Yangzijiang confirms order for six VLOCs from ICBC Leasing
* Hyundai Heavy and two affiliates plagued by dearth of orders
* Korea to protect shipbuilding workers
* Second hand vessel investments outshine newbuilding orders by a large margin during first quarter of 2016
Shipping News:
* Vale, ICBC Leasing pen 27-year charter deal for 10 VLOCs
* East-West shippers negotiate big reductions in container contract rates
Steel News:
* Iron Ore Surges Toward $60 as Steel `Exuberance’ Bolsters Buying
Energy News:
* Crude prices rise amid output freeze deal
Biz China:
* China's March exports surge 18.7%, imports down 1.7%
* Baltic Dry Index
BDI 560 (+5)
BCI 744 (+11)
BPI 666 (+12)
BSI 498 (+6)
BHSI 290 (+2)
* TC Avg ($/day)
BCI 5T/C 5,537 (+4)
BPI 4T/C 5,216 (+92)
* Exchange Rate
USD / KRW 1,149.2
USD / RMB 6.4591
* Crude Future ($/barrel)
WTI 41.61
Brent 44.44
* Buker (Singapore, $/ton) IF380 IFO180 MDO MGO
193.00 203.00 347.00 357.00