News Brief:

Shipbuilding News:

* Zhonggu Shipping Orders Four Boxships from Jinling

* HPWS bags feeder boxship quartet

* Iran Ordering USD 2.4 Bn Worth of Ships in Korea

* HHI, "No more boom period"

* STX O&S begins court-managed rehabilitation

* Creditors Greenlight Daewoo Shipbuilding’s self-restructuring program

Shipping News:

* COSCO launches world’s largest oil tanker fleet

* Bahri Seals USD 126 Mn Loan for VLCC Duo

Steel News:

* China steel, iron ore extend gains on more production curbs, restocking

Energy News:

* Oil demand to peak in 2030 as energy experts slash forecasts

Biz China:

* China's forex reserves dip in May

* Baltic Dry Index

BDI      606          (-1)

BCI      920          (-2)

BPI      542         (-2)

BSI      567         (-3)

BHSI    344          (-1)

* TC Avg ($/day)

BCI  5T/C     6,769         (-20)

BPI  4T/C     4,330         (-19)

* Exchange Rate

USD / KRW   1,159.0

USD / RMB    6.5593

* Crude Future ($/barrel)

WTI       50.42

Brent     50.46

* Buker  (Singapore, $/ton)

 IF380      IFO180     MDO     MGO

232.00      244.00     428.00   438.00