News Brief:

Shipbuilding News:

* Jinhai builds VLCC for parent company

* CSSC bags 2+2 Swedish MR tankers

* SOE in danger of massive NB cancellation

* Sungdong’s goliath crane to be sold

* Japanese shipbuilders place bets on containerships, tankers

Shipping News:

* GasLog Secures Charter for Its LNG Newbuilding

* Clarksons: Shipping Sees Toughest 1H Since Financial Crisis

Steel News:

* Iron Ore Seen Sinking Back Below $50 as Top Port Sets Record

Energy News:

* Oil prices decline on rising rigs, strong dollar

Biz China:

* More cars sold in June to drive H1 to close high

* Baltic Dry Index

BDI      704         (+1)

BCI      991        (-11)

BPI      799         (+7)

BSI      651         (+4)

BHSI    356         (+2)

* TC Avg ($/day)

BCI  5T/C     7,085        (-64)

BPI  4T/C     6,384        (+57)

BSI  6T/C     6,807        (+40)

* Exchange Rate

USD / KRW   1,151.5

USD / RMB    6.6950

* Crude Future ($/barrel)

WTI       44.59

Brent     46.17

* Bunker  (Singapore, $/ton)

IF380      IFO180     MDO     MGO

244.00      253.00     417.00   427.00