Shipbuilding News 2016/05/12

News Brief:


Shipbuilding News:


* Dae Sun nets domestic Chem TK deal


* HHIC to receive additional aid  


* Creditors agreed to issue RG for HHIC


* SHI workers suggest wage freeze


* Korea records ‘0’ NB sales in April




Shipping News:


* Chemical shipping freight rates to remain firm


* Shipping leaders see no upturn for containers and bulk for two more years





Steel News:


* Vale looking at selling US$10b of its core assets, CEO says





Energy News:



* Oil rally loses momentum: Kemp





Biz China:


* Foreign direct investment rises 4.8% on high-tech, manufacturing






* Baltic Dry Index


BDI      579        (-15)


BCI      713        (-39)


BPI      583        (+2)


BSI      560         (-7)


BHSI    349        (-3)






* TC Avg ($/day)

BCI  5T/C     5,521      (-425)

BPI  4T/C     4,660       (+14)


BSI  6T/C     5,854        (-72)




* Exchange Rate


USD / KRW   1,168.1


USD / RMB    6.4959






* Crude Future ($/barrel)

WTI       45.99


Brent     47.32




* Buker  (Singapore, $/ton)

 IF380      IFO180     MDO     MGO

212.00      224.00     385.00   395.00