News Brief:

Shipbuilding News:

* Chinese yards to build Shell's FPSO?

* HMD bags Super-Eco TK duo

* HHI, “Not decided to sell finance affiliate”

* DSME delivers world's 1st FLNG

* SPP sale needs compromise

Shipping News:

* What’s Going on With Dry Shipping?

* Hyundai Merchant has this week to persuade vessel owners to adjust charter fees

Steel News:

* Iron ore, steel rise on signs of property recovery in China

Energy News:

* China April preliminary oil demand rises 1.7 pct to record high

Biz China:

* Chinese banks' forex sales narrow in April

* Baltic Dry Index

BDI      613      (+13)

BCI      854      (+56)

BPI      598       (+1)

BSI      552        (-1)

BHSI    347         (0)

* TC Avg ($/day)

BCI  5T/C     6,740       (+454)

BPI  4T/C     4,783        (+15)

BSI  6T/C     5,768         (-12)

* Exchange Rate

USD / KRW   1,178.6

USD / RMB    6.5200

* Crude Future ($/barrel)

WTI       47.92

Brent     49.03

* Buker  (Singapore, $/ton)

 IF380      IFO180     MDO     MGO

227.00      239.00     405.00   415.00