News Brief:

Shipbuilding News:

* COSCO won two newbuildings in 1Q

* NB deals continuingly cancelled in China

* HHI submits self-rescue plan

* “Korean shipyards lacks capacity”

* MHI won 16 newbuildings in FY2015

Shipping News:

* Dry bulk shipping market recovery will be a long, hard-fought battle

* Global Ship Operators Set to Strike Vessel-Sharing Deal

Steel News:

* China steel, iron ore slip deeper into bear territory as exchanges keep up pressure

Energy News:

* OPEC Pumped 32.52 Million Barrels of Crude Oil per Day in April

Biz China:

* World economy to grow by just 2.4% in 2016: UN

* Baltic Dry Index

BDI      579          (0)

BCI      724      (+11)

BPI      589        (+6)

BSI      555         (-5)

BHSI    347         (-2)

* TC Avg ($/day)

BCI  5T/C     5,552        (+31)

BPI  4T/C     4,709        (+49)

BSI  6T/C     5,802        (-52)

* Exchange Rate

USD / KRW   1,164.1

USD / RMB    6.5246

* Crude Future ($/barrel)

WTI       46.42

Brent     47.85

* Buker  (Singapore, $/ton)

 IF380      IFO180     MDO     MGO

227.00      234.00     405.00   415.00