Shipbuilding News 2016/05/25
News Brief:
Shipbuilding News:
* DSME sells head office building
* STX O&S faces court receivership?
* Korea's NB sales fall sharply
* "200 yards to be closed this year"
* Korea’s top 3 shipbuilders submit restructuring plans to creditors worth US$5bil.
Shipping News:
* China VLCC sells VLCC pair for $117.5m
* Corona Victory Expands K Line’s Coal Carrier Fleet
Steel News:
* China steel, iron ore hit 12-week lows as weak demand, glut weigh
Energy News:
* Oil prices rise as U.S. crude inventories expected to decline
Biz China:
* Consumer sentiment falls in May
* Baltic Dry Index
BDI 618 (-6)
BCI 848 (-22)
BPI 608 (-3)
BSI 568 (+3)
BHSI 345 (+1)
* TC Avg ($/day)
BCI 5T/C 6,726 (-220)
BPI 4T/C 4,857 (-28)
BSI 6T/C 5,940 (+29)
* Exchange Rate
USD / KRW 1,188.6
USD / RMB 6.5693
* Crude Future ($/barrel)
WTI 49.09
Brent 49.16
* Buker (Singapore, $/ton)
IF380 IFO180 MDO MGO
222.00 233.00 415.00 425.00