Shipbuilding News 2016/07/12

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