Shipbuilding News 2016/04/11

News Brief:
































































































































































































































































































































































































































































 

Shipbuilding News:



* CSIC completes engine business reshuffle


* "SHI and DSME might be merged"


* HHI union demands, 'Unreasonable'


* NB cancellation to prevail in 2016


* Big3 shipyards to turn around in 1Q




Shipping News:


* Tanker Market: The case for Libya’s higher ton-mile exports appears to be fading


* Asia crude sellers offer spot cargoes as regional surplus rises





Steel News:


* China to cut steel capacity to 1.13 billion tonnes by 2020, industry official says





Energy News:



* Crude prices jump amid shrinking output





Biz China:


* China to deepen SOE reform in 2016






* Baltic Dry Index


BDI      539        (+22)


BCI      656        (+94)


BPI      643        (+16)


BSI      488         (+3)


BHSI    286         (+6)






* TC Avg ($/day)

BCI  5T/C     4,533  

BPI  4T/C     5,003    


BSI  6T/C     5,069    




* Exchange Rate


USD / KRW   1,156.5


USD / RMB    6.4649






* Crude Future ($/barrel)

WTI       39.69


Brent     42.00




* Buker  (Singapore, $/ton)

 IF380      IFO180     MDO     MGO

183.00      193.00     332.00   342.00

































































































































































































































































































































































































































































































































Shipbuilding News:



* CSIC completes engine business reshuffle


* "SHI and DSME might be merged"


* HHI union demands, 'Unreasonable'


* NB cancellation to prevail in 2016


* Big3 shipyards to turn around in 1Q




Shipping News:


* Tanker Market: The case for Libya’s higher ton-mile exports appears to be fading


* Asia crude sellers offer spot cargoes as regional surplus rises





Steel News:


* China to cut steel capacity to 1.13 billion tonnes by 2020, industry official says





Energy News:



* Crude prices jump amid shrinking output





Biz China:


* China to deepen SOE reform in 2016






* Baltic Dry Index


BDI      539        (+22)


BCI      656        (+94)


BPI      643        (+16)


BSI      488         (+3)


BHSI    286         (+6)






* TC Avg ($/day)

BCI  5T/C     4,533  

BPI  4T/C     5,003    


BSI  6T/C     5,069    




* Exchange Rate


USD / KRW   1,156.5


USD / RMB    6.4649






* Crude Future ($/barrel)

WTI       39.69


Brent     42.00




* Buker  (Singapore, $/ton)

 IF380      IFO180     MDO     MGO

183.00      193.00     332.00   342.00