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