News Brief:

Shipbuilding News:

* China in talks to build first FSRU

* CSIC to integrate civilian-military businesses

* DSME self-help plan under reexamination

* HHI prepares for lack of orders

* Surge in shipbuilders’ debts attributed to ‘heavy tail’ deals

Shipping News:

* Hyundai Merchant Marine, Hanjin Shipping Showing Positive Signs

* Med-Japan LR tanker freight rates at six-month low on closed naphtha arb, tonnage

Steel News:

* Iron Ore in Free Fall as Port Holdings Expand, Trade Frenzy Ebbs

Energy News:

* Oil demand and supply set to balance by year-end: NBK report

Biz China:

* Quotable quotes on China's April exports, imports data

* Baltic Dry Index

BDI      616       (-15)

BCI      837       (-55)

BPI      584         (-7)

BSI      575         (-3)

BHSI    355         (-4)

* TC Avg ($/day)

BCI  5T/C     6,613        (-411)

BPI  4T/C     4,670         (-53)

BSI  6T/C     6,010         (-34)

* Exchange Rate

USD / KRW   1,164.7

USD / RMB    6.5233

* Crude Future ($/barrel)

WTI       43.25

Brent     43.70

* Buker  (Singapore, $/ton)

 IF380      IFO180     MDO     MGO

217.00      229.00     390.00   400.00