News Brief:

Shipbuilding News:

* SHI submits self-help plan

* Hyundai workers join efforts

* DSME workers opposed to additional self-help plan

* Crisis for South Korea shipbuilders as golden age fades

* Japan NB exports down by 81%

Shipping News:

* Hyundai Merchant, shipowners fail to reach deal over charter rate cut

* Dry bulk ships’ values increase as market sentiment improves

Steel News:

* China steel, iron ore futures drop on oversupply concerns

Energy News:

* Crude prices drop as inventories increase

Biz China:

* China sets growth target for manufacturing

* Baltic Dry Index

BDI      642          (-1)

BCI      954        (-34)

BPI      611         (+7)

BSI      553         (+1)

BHSI    342         (-3)

* TC Avg ($/day)

BCI  5T/C     7,729        (-62)

BPI  4T/C     4,885       (+59)

BSI  6T/C     5,782        (+8)

* Exchange Rate

USD / KRW   1,180.9

USD / RMB    6.5531

* Crude Future ($/barrel)

WTI       47.87

Brent     48.67

* Buker  (Singapore, $/ton)

 IF380      IFO180     MDO     MGO

229.00      240.00     415.00   425.00