Shipbuilding News 2016/04/25

News Brief:


Shipbuilding News:


* BSHIC builds first offshore nuclear platform


* CSSC sets up JV for cruise ship construction


* China saw 24% rise in NB sales


* Korean shipyards to enter Indian market


* Half the backlog to deliver in 2016




Shipping News:


* China Establishes Its Silk Road in Greece by Purchasing the Port of Piraeus


* Product tanker trades are shifting in flows as a result of changes in demand





Steel News:


* Iron ore in bear market rally, likely to fade on fundamentals





Energy News:



* Oil price corridor of $40-60/bbl new reality for next 5 years — Russian Economy Ministry





Biz China:


* Fixed-asset investment stabilizes, may hit 10%: think tank






* Baltic Dry Index


BDI      688        (+18)


BCI   1,085        (+81)


BPI      736          (-7)


BSI      558         (+7)


BHSI    354         (+6)






* TC Avg ($/day)

BCI  5T/C     8,216       (+577)

BPI  4T/C     5,868         (-53)


BSI  6T/C     5,834        (+69)




* Exchange Rate


USD / KRW   1,141.1


USD / RMB    6.5120






* Crude Future ($/barrel)

WTI       43.71


Brent     45.13




* Buker  (Singapore, $/ton)

 IF380      IFO180     MDO     MGO

201.00      211.00     367.00   377.00