News Brief:

Shipbuilding News:

* BSHIC builds first offshore nuclear platform

* CSSC sets up JV for cruise ship construction

* China saw 24% rise in NB sales

* Korean shipyards to enter Indian market

* Half the backlog to deliver in 2016

Shipping News:

* China Establishes Its Silk Road in Greece by Purchasing the Port of Piraeus

* Product tanker trades are shifting in flows as a result of changes in demand

Steel News:

* Iron ore in bear market rally, likely to fade on fundamentals

Energy News:

* Oil price corridor of $40-60/bbl new reality for next 5 years — Russian Economy Ministry

Biz China:

* Fixed-asset investment stabilizes, may hit 10%: think tank

* Baltic Dry Index

BDI      688        (+18)

BCI   1,085        (+81)

BPI      736          (-7)

BSI      558         (+7)

BHSI    354         (+6)

* TC Avg ($/day)

BCI  5T/C     8,216       (+577)

BPI  4T/C     5,868         (-53)

BSI  6T/C     5,834        (+69)

* Exchange Rate

USD / KRW   1,141.1

USD / RMB    6.5120

* Crude Future ($/barrel)

WTI       43.71

Brent     45.13

* Buker  (Singapore, $/ton)

 IF380      IFO180     MDO     MGO

201.00      211.00     367.00   377.00