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