News Brief:

Shipbuilding News:

* Hudong-Shanghai go separate ways

* Four Korean yards' credits downgraded

* Deal to buy SPP accelerated again

* HHI outsources curved block

* Bankruptcy in sight for South Korean shipbuilders

Shipping News:

* CMES Injects USD 382 Mn in ICBC’s Valemax Owner

* Hanjin Shipping’s Charter Fees in Arrears Putting Rate Negotiations at Disadvantage

Steel News:

* Steelmakers, Shipbuilders in Conflict over Thick Plate Prices

Energy News:

* Oil at $60 Gains More Backers on Forecast for Higher U.S. Demand

Biz China:

* Central bank warns of rising financial threats

* Baltic Dry Index

BDI      606          (+5)

BCI      830        (+37)

BPI      582          (-4)

BSI      579         (+4)

BHSI    347           (0)

* TC Avg ($/day)

BCI  5T/C     6,346      (+171)

BPI  4T/C     4,650         (-33)

BSI  6T/C     6,051        (+35)

* Exchange Rate

USD / KRW   1,190.6

USD / RMB    6.5790

* Crude Future ($/barrel)

WTI       49.64

Brent     50.30

* Buker  (Singapore, $/ton)

 IF380      IFO180     MDO     MGO

226.00      237.00     427.00   437.00