Shipbuilding News 2016/06/29

News Brief:


Shipbuilding News:



* Ouhua bags new 'Happy S' heavy lift vessel


* “Korea needs to benchmark Chinese case”


* HMM’s Restructuring Pushed to Late July


* Korea mulls over early ordering of gov't ship


* JMU bags Aframax TK duo




Shipping News:


* Hanjin Shipping to return 38 ships by 2017  


* Investor Discontent Rises at Japanese Shipping Lines Amid Losses





Steel News:


* Morgan Stanley Raises Iron Ore Outlook After Surprise Rally





Energy News:



* Oil prices increase after two-day slump





Biz China:


* China's inflation growth likely to slow in June






* Baltic Dry Index


BDI      627       (+18)


BCI      936       (+17)


BPI      618       (+17)


BSI      593         (+6)


BHSI    336         (+5)






* TC Avg ($/day)

BCI  5T/C     6,595      (+104)

BPI  4T/C     4,948      (+137)


BSI  6T/C     6,204        (+68)




* Exchange Rate


USD / KRW   1,175.9


USD / RMB    6.6324






* Crude Future ($/barrel)

WTI       48.06


Brent     49.49




* Bunker  (Singapore, $/ton)

 IF380      IFO180     MDO     MGO

242.00      247.00     422.00   432.00