News Brief:

Shipbuilding News:

* COSCO Zhoushan Hands Over Front Jaguar to Frontline

* CSSC·CSBC win feeder boxships

* China saw sharp drop in NB orders

* DSME denies offshore plant delay

* HSHI supplied key parts to third sets

* “Newbuilding competition is easing in Korea”

 

Shipping News:

* Containerized Freight Rates on the Path of Recovery?

* RBS receives bids for Greek shipping business – sources

Steel News:

* China steel futures extend gains on firm orders, steady inventories

Energy News:

* OPEC Says Its Oil Revenue Plunges $438 Billion to 10-Year Low

Biz China:

* RMB flat as PBOC eases reference rate

* Baltic Dry Index

BDI      585       (+5)

BCI      878       (+5)

BPI      556       (+8)

BSI      570       (+7)

BHSI    318       (+3)

* TC Avg ($/day)

BCI  5T/C     6,107        (-1)

BPI  4T/C     4,447      (+68)

BSI  6T/C     5,955      (+69)

* Exchange Rate

USD / KRW   1,155.7

USD / RMB    6.5658

* Crude Future ($/barrel)

WTI       49.08

Brent     50.14

* Buker  (Singapore, $/ton)

 IF380      IFO180     MDO     MGO

247.00      258.00     440.00   450.00