Shipbuilding News 2016/06/01

News Brief:


Shipbuilding News:


* Heung-a-Shipping Orders Tanker Pair from Dae Sun


* "Liquidation of STX not considered"


* Daewoo Shipbuilding to cut wages, sell assets to stay afloat: report


* DSME to move its headquarters


* JMU Clinches RoRo Order, Delivers Capesize Bulker




Shipping News:


* Ship Finance’s Boxships Duo to Start Work for Maersk


* Tankers: Asian LR tanker rates fall on weak demand to move distillates, naphtha





Steel News:


* China steel, iron ore futures post worst month on record; agriculture firmer





Energy News:



* Oil Set for Longest Run of Gains in 5 Years Before OPEC Meeting





Biz China:


* China's manufacturing PMI flat in May






* Baltic Dry Index


BDI      612          (+6)


BCI      854        (+24)


BPI      574          (-8)


BSI      580         (+1)


BHSI    351         (+4)






* TC Avg ($/day)

BCI  5T/C     6,346       (+171)

BPI  4T/C     4,650          (-33)


BSI  6T/C     6,051         (+35)




* Exchange Rate


USD / KRW   1,190.5


USD / RMB    6.5889






* Crude Future ($/barrel)

WTI       48.77


Brent     49.65




* Buker  (Singapore, $/ton)

 IF380      IFO180     MDO     MGO

231.00      242.00     432.00   442.00