Shipbuilding News 2016/04/18
News Brief:
Shipbuilding News:
* Jiangnan installs 1,600t gantry crane
* New orders at Chinese shipyards rebound in first quarter
* DSME to build 2 Suezmax tankers originally contracted to its Romanian arm
* Rumors emerging on HHIC Yeongdo yard
* KDB to assist promising industries
Shipping News:
* Product tankers’ current state of play
* Dry bulk FFA market: It might as well be spring…
Steel News:
* Dalian iron ore drops from 17-mth peak as steel retreats after rally
Energy News:
* Oil traders lose faith in recent rally, position for lower prices
Biz China:
* China's outbound investment rises markedly in Q1
* Baltic Dry Index
BDI 597 (+30)
BCI 831 (+87)
BPI 700 (+22)
BSI 514 (+8)
BHSI 309 (+13)
* TC Avg ($/day)
BCI 5T/C 6,184 (+669)
BPI 4T/C 5,577 (+170)
BSI 6T/C 5,374 (+80)
* Exchange Rate
USD / KRW 1,153.4
USD / RMB 6.4908
* Crude Future ($/barrel)
WTI 41.43
Brent 43.84
* Buker (Singapore, $/ton)
IF380 IFO180 MDO MGO
192.00 203.00 357.00 367.00