News Brief:

Shipbuilding News:

* MOL receives LNGC 'KUMUL'

* Daewoo Shipbuilding Reports Operating Loss on Offshore Costs

* Samsung Heavy pressed to map out self-restructuring plan

* Hyundai Heavy pressured to make layoffs

Shipping News:

* S. Korea’s Pan Ocean on recovery despite sluggish shipping industry

* Recent strength in dry bulk shipping to be short-lived

Steel News:

* Fortescue sees stable iron ore price as China curbs speculation

Energy News:

* Oil Price Rally Isn’t as Deep Rooted as It Looks at First Glance

Biz China:

* Infrastructure expansion in rural areas key to growth

* Baltic Dry Index

BDI      652        (-30)

BCI      954      (-101)

BPI      621       (-19)

BSI      583          (0)

BHSI    365         (-3)

* TC Avg ($/day)

BCI  5T/C     7,418        (-891)

BPI  4T/C     4,963        (-146)

BSI  6T/C     6,095           (-2)

* Exchange Rate

USD / KRW   1,137.1

USD / RMB    6.5128

* Crude Future ($/barrel)

WTI       44.04

Brent     45.08

* Buker  (Singapore, $/ton)

 IF380      IFO180     MDO     MGO

207.00      219.00     380.00   390.00