Shipbuilding News 2016/06/15

News Brief:


Shipbuilding News:



* SWS PSV pair into arbitrations after cancellation


* DSME labor union approves strike plan


* STX Offshore & Shipbuilding ordered to pay $40 mn in disputes with foreign ship owners


* Hyundai Heavy Industries’ first shipbuilding client offers morale support


* SHI Could Join the Construction of India’s FSRU LNG Terminal




Shipping News:


* Hanjin Shipping in struggle to cut charter rates


* Dry bulk shipping facing slow recovery, consolidation





Steel News:


* Iron ore to fall on weak fundamentals





Energy News:



* Oil Falls to One-Week Low as Risk Aversion Hits Global Markets





Biz China:


* IMF official warns China of corporate debt risk






* Baltic Dry Index


BDI      608          (-1)


BCI   1,018         (+4)


BPI      543         (+1)


BSI      552         (-2)


BHSI    317         (-5)






* TC Avg ($/day)

BCI  5T/C     7,329       (+55)

BPI  4T/C     4,334         (+7)


BSI  6T/C     5,774        (-23)




* Exchange Rate


USD / KRW   1,172.5


USD / RMB    6.6001






* Crude Future ($/barrel)

WTI       47.91


Brent     49.22




* Bunker  (Singapore, $/ton)

 IF380      IFO180     MDO     MGO

237.00      252.00     430.00   440.00