News Brief: Shipbuilding News: * Grimaldi exercises PCTC options * SK downscales LNGC order * HHIC creditors decide on joint management * MHI experienced small fire * Scorpio Tankers to upsize credit facility Shipping News: * Asian VLCC rates fall again, down by 44% since start of year * Tanker freight up sharply on crude oil demand Steel News: * Dali

News Brief: Shipbuilding News: * SPP criticizes Korea Eximbank * RG issue for SPP rejected again * DSME drillship agreed to delay delivery * K-sure plans biggest export support Shipping News: * Baltic sea index hits all-time low as shipping crisis deepens * Tanker freight up sharply on crude oil demand Steel News:

News Brief: Shipbuilding News: * XSI wins chemical tanker * Huadong sells shipbuilding assets * Navig8 adds loan for STX-built TKs * Subic shipyard of Hanjin under due diligence   * Kitanihon bags 38K Chem TK duo Shipping News: * BDI breaks lowest record again * Record low capesizes rates keep Baltic index on downward sp

News Brief: Shipbuilding News: * YZJ bags four 11,800 teu boxships * STX won additional LR1 TK pairs * Sungdong nets Aframax TK deal * HMD in talks for LPGC order * SPP files petition for revival as a shipyard * DSME experienced fire again Shipping News: * Dry bulk FFA market: Happy New Year, or maybe not * Tanker Market: Unipec retains top spot in crude tan

News Brief: Shipbuilding News: * Ningbo Xinle wins chemical tanker duo * Daehan achieves 1st delivery of 2016 * Big3 yield KRW 8trn deficit last year * Korea-China ran neck and neck last year * JMU built 49 newbuildings in 2015 Shipping News: * China’s dry bulk owners to get hit by ‘wave of bankruptcies’: SISI * Dry bulk market’s crisis deepens as rates