News Brief:

Shipbuilding News:

* Orders surge for Chinese shipyards

* SPP sold Italian AHTS resale

* "HHI expected to turn around in 1Q"

* Korean shipyards need domestic demands

Shipping News:

* Freight on cross-Med, Black Sea-Med Handysize tankers at fresh 2016 highs

* VLCC rates pick up as April cargoes still ongoing in the Middle East

Steel News:

* Brazil iron ore exports surged higher during Q1 2016

Energy News:

* Oil producers fail to reach deal at Doha talks

Biz China:

* China sets major tasks for reform in 2016

* Baltic Dry Index

BDI      635          (+38)

BCI      949        (+118)

BPI      727         (+27)

BSI      525         (+11)

BHSI    321         (+12)

* TC Avg ($/day)

BCI  5T/C     7,076       (+892)

BPI  4T/C     5,796       (+219)

BSI  6T/C     5,494       (+120)

* Exchange Rate

USD / KRW   1,150.7

USD / RMB    6.4787

* Crude Future ($/barrel)

WTI       38.75

Brent     40.26

* Buker  (Singapore, $/ton)

 IF380      IFO180     MDO     MGO

192.00      203.00     352.00   362.00