News Brief:

Shipbuilding News:

* Precious cancels NB BC duo

* d’Amico Splashes Two New Handysize Tankers

* HHI develops IoT smartship

* Korea ranks top in NB delivery

* Korean yards avoid cheap deal

Shipping News:

* China Okays CMA CGM’s Acquisition of NOL

* VLCC tanker prices down by 15% since the end of 2015 as Ship Owners Turn to Dry Bulkers

Steel News:

* China iron ore, steel hit 12-week lows; mills may be forced to cut output

Energy News:

* Oil charts show the party for oil stocks is over

Biz China:

* China's SOEs profit decline eases

* Baltic Dry Index

BDI      605         (-13)

BCI      799         (-49)

BPI      596         (-12)

BSI      571         (+3)

BHSI    346         (+1)

* TC Avg ($/day)

BCI  5T/C     6,281       (-445)

BPI  4T/C     4,767        (-90)

BSI  6T/C     5,967       (+27)

* Exchange Rate

USD / KRW   1,185.8

USD / RMB    6.5552

* Crude Future ($/barrel)

WTI       49.68

Brent     49.76

* Buker  (Singapore, $/ton)

 IF380      IFO180     MDO     MGO

227.00      238.00     420.00   430.00