News Brief:

Shipbuilding News:

* CSIC's rig construction suspended

* Creditors urge Daewoo Shipbuilding workers not to sit down

* Livanos visits HHI with deep friendship

* President Park urges bold restructuring

* JMU wins Ro-Pax ferry

Shipping News:

* S. Korea: Government hints at merger of HMM, Hanjin Shipping

* Frontline Exits Medium Range Tanker Segment

Steel News:

* China’s Crude Steel Output Rises in Teeth of Trade Tensions

Energy News:

* OPEC Sees Global Oil Market Balancing Toward the End of 2016

Biz China:

* China's industrial output growth unchanged in May

* Baltic Dry Index

BDI      609         (-1)

BCI   1,014         (+8)

BPI      542         (-1)

BSI      554         (-3)

BHSI    322         (-5)

* TC Avg ($/day)

BCI  5T/C     7,274       (+33)

BPI  4T/C     4,327        (-10)

BSI  6T/C     5,797        (-30)

* Exchange Rate

USD / KRW   1,172.8

USD / RMB    6.5791

* Crude Future ($/barrel)

WTI       48.53

Brent     49.89

* Bunker  (Singapore, $/ton)

 IF380      IFO180     MDO     MGO

242.00      252.00     435.00   445.00