Shipbuilding News 2016/06/21

News Brief:


Shipbuilding News:



* Fujian Mawei wins asphalt carrier


* Chinese shipowner places feeder boxship orders


* Rainbow Heavy Industries to shut down Shanghai-based subsidiary


* SHI expected to win large offshore order


* STX labor decided to strike


* Naikai wins eight 1,900TEUs




Shipping News:


* Naikai wins eight 1,900TEUs


* Loss of Hanjin, Hyundai shipping firms will cause US$19 billion damages





Steel News:


* Vale Said in Talks With Asia Buyers for Stake in Iron Ore





Energy News:



* Oil Prices to Fall Below $40 in Third Quarter — BAML





Biz China:


* CICC lowers China 2016 growth forecast to 6.7%






* Baltic Dry Index


BDI      587         (0)


BCI      927         (0)


BPI      546         (0)


BSI      555         (0)


BHSI    311         (0)






* TC Avg ($/day)


BCI  5T/C     6,533         (0)

BPI  4T/C     4,361         (0)


BSI  6T/C     5,805         (0)




* Exchange Rate


USD / KRW   1,163.2


USD / RMB    6.5656






* Crude Future ($/barrel)

WTI       49.14


Brent     50.43




* Bunker  (Singapore, $/ton)

 IF380      IFO180     MDO     MGO

237.00      248.00     430.00   440.00