Shipbuilding News 2016/05/26

News Brief:


Shipbuilding News:



* Precious cancels NB BC duo


* d’Amico Splashes Two New Handysize Tankers


* HHI develops IoT smartship


* Korea ranks top in NB delivery


* Korean yards avoid cheap deal




Shipping News:


* China Okays CMA CGM’s Acquisition of NOL


* VLCC tanker prices down by 15% since the end of 2015 as Ship Owners Turn to Dry Bulkers





Steel News:


* China iron ore, steel hit 12-week lows; mills may be forced to cut output





Energy News:



* Oil charts show the party for oil stocks is over





Biz China:


* China's SOEs profit decline eases






* Baltic Dry Index


BDI      605         (-13)


BCI      799         (-49)


BPI      596         (-12)


BSI      571         (+3)


BHSI    346         (+1)






* TC Avg ($/day)

BCI  5T/C     6,281       (-445)

BPI  4T/C     4,767        (-90)


BSI  6T/C     5,967       (+27)




* Exchange Rate


USD / KRW   1,185.8


USD / RMB    6.5552






* Crude Future ($/barrel)

WTI       49.68


Brent     49.76




* Buker  (Singapore, $/ton)

 IF380      IFO180     MDO     MGO

227.00      238.00     420.00   430.00