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