Shipbuilding News 2016/04/27

News Brief:


Shipbuilding News:


* HHI sells real estate worth $60m


* Hyundai Heavy Industries Returns to Profits in 10 Quarters


* HMD profit up 245% in 1Q


* "Gov’t-led merger of Big3 is unfeasible"


* Korean shipbuilders cut 15,000 jobs




Shipping News:


* Seaspan Reports Financial Results for the Quarter Ended March 31, 2016


* Is the sale of a 14-year old Post-Panamax Containership for Scrap a New Trend?





Steel News:


* Iron ore, steel slide as curbs tame China commodities





Energy News:



* Oil has bottomed as producers are ‘capped out’: RBC





Biz China:


* Reform policies set to rejuvenate northeast China






* Baltic Dry Index


BDI      704        (+14)


BCI   1,135        (+48)


BPI      718          (-9)


BSI      564         (+2)


BHSI    358         (+2)






* TC Avg ($/day)

BCI  5T/C     8,789       (+513)

BPI  4T/C     5,729          (-66)


BSI  6T/C     5,899         (+27)




* Exchange Rate


USD / KRW   1,149.7


USD / RMB    6.4837






* Crude Future ($/barrel)

WTI       44.64


Brent     46.26




* Buker  (Singapore, $/ton)

 IF380      IFO180     MDO     MGO

202.00      211.00     372.00   382.00