News Brief:

Shipbuilding News:

* Cosco shipyard wins deal to build two oil tankers

* Cosco Corp hit by loss in Q1 amid tough shipbuilding and bulk market  

* HHIC to receive injection of $104

* Ailing shipbuilders won’t be merged

* HLB receives NET certification

Shipping News:

* Dry bulk FFA market: Old wine in old glasses

* Negative Rates Hit Global Shipping Market

Steel News:

* Is China Iron Ore Demand Recovering?

Energy News:

* China Oil Imports Rise as Teapot Refinery Demand Overwhelms Port

Biz China:

* China's forex reserves rise to $3.22 trillion

* Baltic Dry Index

BDI      631        (-11)

BCI      892        (-23)

BPI      591        (-16)

BSI      578         (-4)

BHSI    359         (-6)

* TC Avg ($/day)

BCI  5T/C     7,024        (-151)

BPI  4T/C     4,723        (-127)

BSI  6T/C     6,044          (-42)

* Exchange Rate

USD / KRW   1,153.5

USD / RMB    6.5105

* Crude Future ($/barrel)

WTI       45.00

Brent     45.75

* Buker  (Singapore, $/ton)

 IF380      IFO180     MDO     MGO

212.00      219.00     380.00   390.00