News Brief:

Shipbuilding News:

* SWS PSV pair into arbitrations after cancellation

* DSME labor union approves strike plan

* STX Offshore & Shipbuilding ordered to pay $40 mn in disputes with foreign ship owners

* Hyundai Heavy Industries’ first shipbuilding client offers morale support

* SHI Could Join the Construction of India’s FSRU LNG Terminal

Shipping News:

* Hanjin Shipping in struggle to cut charter rates

* Dry bulk shipping facing slow recovery, consolidation

Steel News:

* Iron ore to fall on weak fundamentals

Energy News:

* Oil Falls to One-Week Low as Risk Aversion Hits Global Markets

Biz China:

* IMF official warns China of corporate debt risk

* Baltic Dry Index

BDI      608          (-1)

BCI   1,018         (+4)

BPI      543         (+1)

BSI      552         (-2)

BHSI    317         (-5)

* TC Avg ($/day)

BCI  5T/C     7,329       (+55)

BPI  4T/C     4,334         (+7)

BSI  6T/C     5,774        (-23)

* Exchange Rate

USD / KRW   1,172.5

USD / RMB    6.6001

* Crude Future ($/barrel)

WTI       47.91

Brent     49.22

* Bunker  (Singapore, $/ton)

 IF380      IFO180     MDO     MGO

237.00      252.00     430.00   440.00