News Brief:

Shipbuilding News:

* Shanghai wins precious new boxship order

* CSIC to streamline subsidiary shipyards

* DSME delays Yamal LNG carrier

* Sungdong resolves to recover management

* DSME postpones self-rescue plan submission

* Korea's NB sales fall sharply

Shipping News:

* Shippers Concerned about HMM’s Charter Rate Negotiations

* Tanker markets look to regain positive momentum after lackluster week saw VLCC rates plunging by almost 20%

Steel News:

* China’s May iron ore imports stay robust, majors squeeze rivals

Energy News:

* Oil prices fall amid supply glut worries

Biz China:

* Infrastructure investment vital to boost China's economy

* Baltic Dry Index

BDI      624          (-1)

BCI      870           (0)

BPI      611          (-3)

BSI      565         (+3)

BHSI    344         (+1)

* TC Avg ($/day)

BCI  5T/C     6,946      (-35)

BPI  4T/C     4,885      (-24)

BSI  6T/C     5,911     (+32)

* Exchange Rate

USD / KRW   1,183.1

USD / RMB    6.5468

* Crude Future ($/barrel)

WTI       48.08

Brent     48.35

* Buker  (Singapore, $/ton)

 IF380      IFO180     MDO     MGO

225.00      235.00     420.00   430.00