News Brief:

Shipbuilding News:

* YZJ downsizes and sells assets

* HHIC delays delivery of two boxships

* HHI hires new workers in 2H

* DSME moves Seoul workers to Geoje

* Korea won eight NBs in August

* Wisdom orders 63K BC duo from Imabari

* Oshima penetrates in feeder boxship sector

Shipping News:

* South Korea court asks Hanjin Shipping creditor for funds

* Medium Range freight rates on NWE-USAC route hit more than 7-year low

Steel News:

* Iron ore sinks with steel in China, more supplies seen weighing on ore

Energy News:

* OPEC Risks ‘Crying Wolf’ as Oil Trader Gunvor Doubts Accord

Biz China:

* Forex reserves fall to lowest since 2011

* Baltic Dry Index

BDI      773        ()

+28

()

BCI   1,371      +189

()

BPI      648         +7

BSI      702        ()

-12

BHSI    422          ()

-3

* TC Avg ($/day)

BCI  5T/C     9,408       ()BPI  4T/C     5,197           ()

+1,120

+58

BSI  6T/C     7,342          ()

-123

* Exchange Rate

USD / KRW   1,091.0

USD / RMB    6.6620

* Crude Future ($/barrel)

WTI       46.13

Brent     48.55

* Bunker  (Singapore, $/ton)

IF380      IFO180     MDO     MGO

257.00      267.00     405.00   415.00