Shipbuilding News 2016/04/25
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