News Brief:

Shipbuilding News:

* Lemos targets Daehan tanker resales

* DSME to reduce facility scale by 30%

* Banks’ exposure to 3 shipbuilders, 2 shippers jump 4.8 tln won

* Run aground, China shipbuilders nervously await the next high tide

* Namura won 21 NBs last year

Shipping News:

* CMA CGM Moves Ahead with NOL Offer

* Tanker rates’ rally fueled record-breaking newbuilding orderbook, but 2016 proves to be a different story thus far

Steel News:

* China iron ore, steel futures join commodities rally as dollar struggles

Energy News:

* Oil prices jump amid supply worries

Biz China:

* Central bank pumps 40 bln yuan into market

* Baltic Dry Index

BDI      607          (-3)

BCI      922         (+9)

BPI      544         (-6)

BSI      570         (-4)

BHSI    345         (-4)

* TC Avg ($/day)

BCI  5T/C     6,789        (+35)

BPI  4T/C     4,349         (-44)

BSI  6T/C     5,958         (-40)

* Exchange Rate

USD / KRW   1,186.5

USD / RMB    6.5618

* Crude Future ($/barrel)

WTI       49.73

Brent     50.36

* Bunker  (Singapore, $/ton)

 IF380      IFO180     MDO     MGO

230.00      240.00     425.00   435.00