News Brief:

Shipbuilding News:

* Yangzijiang Wins $510 Million Ship Order amid Weak Demand

* SHI tipped to win LNGC from India

* Korea's 'Big3' yards head for LNG18

* ‘SEA JAPAN 2016’ kicks off

Shipping News:

* Dry bulkers’ prices could be heading upwards as buyers’ appetite increases

* Medium Ranger tanker freight on ARA-USAC at six-week high on gasoline arbitrage

Steel News:

* Iron Leaps Above $60 as China Data, Steel’s Rally Boost Outlook

Energy News:

* OPEC cuts forecast for non-OPEC crude oil supply in 2016, trims demand outlook

Biz China:

* China new business registrations continue to rise

* Baltic Dry Index

BDI 567 (+7)

BCI 744 (0)

BPI 678 (+12)

BSI 506 (+8)

BHSI 296 (+6)

* TC Avg ($/day)

BCI 5T/C 5,515 ( -22)

BPI 4T/C 5,407 (+99)

BSI 6T/C 5,294 (+86)

* Exchange Rate

USD / KRW 1,144.7

USD / RMB 6.4891

* Crude Future ($/barrel)

WTI 41.54

Brent 43.96

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

195.00 208.00 357.00 367.00