Shipbuilding News 2016/06/30

News Brief:


Shipbuilding News:



* COSCO Shipping Reshuffles Newbuilding Orders


* China Shipbuilding Selling Shares to Raise USD 586 Mn


* HHIC sells real estate worth $40m


* SHI labor council held rally


* Korea discusses ways to strengthen industry




Shipping News:


* Caribbean Aframax rates fall to lowest level in more than 5 years


* Oil Product Tankers Earnings Decline As Stockbuilding Slows Down





Steel News:


* Dalian iron ore firm, but off 7-week highs as steel steadies





Energy News:



* Oil prices rally on falling U.S. inventories





Biz China:


* China's rail freight decline narrows Jan-May






* Baltic Dry Index


BDI      640        (+13)


BCI      955        (+19)


BPI      634        (+16)


BSI      606        (+13)


BHSI    338         (+2)






* TC Avg ($/day)

BCI  5T/C     6,784       (+189)

BPI  4T/C     5,069       (+121)


BSI  6T/C     6,337       (+133)




* Exchange Rate


USD / KRW   1,164.7


USD / RMB    6.6312






* Crude Future ($/barrel)

WTI       49.55


Brent     50.94




* Bunker  (Singapore, $/ton)

 IF380      IFO180     MDO     MGO

247.00      257.00     432.00   442.00