News Brief:

Shipbuilding News:

* Hudong to build China's 1st FSRU

* China wins seven offshore special ships

* TEN Returns to Sungdong Shipbuilding for Oil Tanker Pair

* HHI bags additional LR3 TK duo

* DSME creditors to promote pre-IPO

* Oshima scores one 62K BC

Shipping News:

* HMM Cuts Deal with Owners on Charter Rates

* Dry bulk FFA market: Another drink anyone?

* Product Tankers: MRs seasonal rally could be elusive this year around says shipbroker

Steel News:

* Brazil’s Vale back in market after long hiatus

Energy News:

* Oil prices are heading back down toward $40. Here’s when

Biz China:

* Central bank drains 40 bln yuan from market

* Baltic Dry Index

BDI      610          (-1)

BCI   1,006        (+11)

BPI      543           (0)

BSI      557          (-3)

BHSI    327          (-5)

* TC Avg ($/day)

BCI  5T/C     7,241        (+77)

BPI  4T/C     4,337           (-2)

BSI  6T/C     5,827         (-29)

* Exchange Rate

USD / KRW   1,163.1

USD / RMB    6.5805

* Crude Future ($/barrel)

WTI       48.89

Brent     50.42

* Bunker  (Singapore, $/ton)

 IF380      IFO180     MDO     MGO

257.00      262.00     445.00   455.00