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