News Brief:

Shipbuilding News:

* HHI·DSME win naval ship development projects

* STX France bags cruise ship trio

* Creditors to Rescue Top 3 Shipbuilders, Close Down Ailing Smaller Firms

* JMU wins domestic VLGC duo

* "NB market to show upturn in 2018"  

Shipping News:

* HMM Nets USD 570 Mn Debt-for-Equity Swap Deal

* Low asset prices, scarce financing boost secondhand dry bulk vessel sales

Steel News:

* Shanghai rebar, Dalian iron ore hold near 12-week lows on glut worries

Energy News:

* Oil and gas industries continue downward spiral

Biz China:

* PBOC to continue with ‘loose’ policy

* Baltic Dry Index

BDI      601          (-4)

BCI      793          (-6)

BPI      586        (-10)

BSI      575         (+4)

BHSI    347         (+1)

* TC Avg ($/day)

BCI  5T/C     6,175       (-106)

BPI  4T/C     4,683         (-84)

BSI  6T/C     6,016        (+49)

* Exchange Rate

USD / KRW   1,181.0

USD / RMB    6.5490

* Crude Future ($/barrel)

WTI       49.33

Brent     49.97

* Buker  (Singapore, $/ton)

 IF380      IFO180     MDO     MGO

229.00      240.00     430.00   440.00