News Brief:

Shipbuilding News:

* Big2 creditors asked for self-help plans

* Creditors put pressure on Korean small yards

* "SPP needs to lead exemplary restructuring"

* Shipyards’ restructuring faces backlash from workers

* Kyokuyo bags two feeders

Shipping News:

* Hanjin Shipping to begin creditor-led workout program this week

* Shipping Sector FY17 outlook negative-to-stable: India Ratings

Steel News:

* China’s appetite for iron ore remained robust in April

Energy News:

* Crude prices drop amid rising inventories

Biz China:

* Caixin China manufacturing PMI edges down to 49.4  

* Baltic Dry Index

BDI      682        (-21)

BCI   1,055        (-62)

BPI      640        (-27)

BSI      583         (+1)

BHSI    368         (+1)

* TC Avg ($/day)

BCI  5T/C     8,309        (-582)

BPI  4T/C     5,109        (-217)

* Exchange Rate

USD / KRW   1,137.1

USD / RMB    6.4943

* Crude Future ($/barrel)

WTI       43.84

Brent     45.21

* Buker  (Singapore, $/ton)

 IF380      IFO180     MDO     MGO

217.00      229.00     390.00   400.00