News Brief:

Shipbuilding News:

* DSME workers sympathize with new self-help plan

* Shipbuilding reshuffle to be outlined in Aug-Sep

* "Korea yards to have orders halved"

* Global NB delivery in uptrend

Shipping News:

* Restructuring of Hanjin Shipping more challneging than that for Hyundai Merchant

* China’s coastal coal freight rates slip in week to April 26

Steel News:

* Iron Ore Forecasts Raised by World Bank after China-Led Rally

Energy News:

* World Bank raises 2016 oil price forecast

Biz China:

* VAT reform to reduce 20% of hotel tax burden

* Baltic Dry Index

BDI      715       (+11)

BCI   1,160       (+25)

BPI      704        (-14)

BSI      573         (+9)

BHSI    362         (+4)

* TC Avg ($/day)

BCI  5T/C     9,170      (+381)

BPI  4T/C     5,618       (-111)

BSI  6T/C     5,987       (+88)

* Exchange Rate

USD / KRW   1,145.9

USD / RMB    6.4954

* Crude Future ($/barrel)

WTI       45.30

Brent     46.87

* Buker  (Singapore, $/ton)

 IF380      IFO180     MDO     MGO

207.00      216.00     387.00   397.00