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