News Brief:

Shipbuilding News:

* Samsung Heavy Industries Lays Out Restructuring Plans

* Auditors Reveal USD 1.28 Bn Accounting Fraud at DSME

* HMD sells all of its KCC shares

* HHIC needs no extra wage talks this year

* Korea topped 1Q NB deliveries

Shipping News:

* Maersk Line to Up Asia-Europe Freight Rates from July 1

* Dry bulk vessels’ values increase by 15% during the second quarter of 2016

Steel News:

* China steel, iron ore fall for 2nd day on demand worries

Energy News:

* Why oil could return to $30 a barrel this year

Biz China:

* China cuts its holding of US treasuries in April

* Baltic Dry Index

BDI      604         (-4)

BCI    1,000       (-18)

BPI      545        (+2)

BSI      552          (0)

BHSI    315         (-2)

* TC AVG ($/day)

BCI  5T/C     7,170        (-159)

BPI  4T/C     4,356         (+22)

BSI  6T/C     5,769           (-5)

* Exchange Rate

USD / KRW   1,176.3

USD / RMB    6.5739

* Crude Future ($/barrel)

WTI       47.45

Brent     48.56

* Buker  (Singapore, $/ton)

 IF380      IFO180     MDO     MGO

232.00      242.00     430.00   440.00