News Brief:   Shipbuilding News: * COSCO cuts jobs in Guangdong yard * DSME transfers two TKs from DMHI * Sungdong names tanker duo * Hyundai Heavy faces $100 mil. additional tax * Japan reviews ways to expand ship exports Shipping News: * China International Marine Plans $928 Million Share Sale * VLCC tanker rates rise 7% during the first quarter of 2016

News Brief:

News Brief: Shipbuilding News: * DSME wins 1st order of 2016 * HHIC to receive fund injection * STX France inks LOI for 2+2 cruise ships * Korean yards desperate for governmental support * "Shipbuilders need to employ new workers" Shipping News: * Baltic index rises as capesizes continue to support * Asian LR1 rates tumble on tepid naphtha, middle distillate mo

News Brief: Shipbuilding News: * AVIC wins gas-ready ropax ferries * JES to value its sale assets * Sainty Marine to be listed for online auction * "DSME can be sold early" * Korea's NB sales lowest in 15 years Shipping News: * Dry bulk recovery will need demand growth to outpace supply, in order to materialize says shipbroker * Dry bulk revisits 1980s lows and

News Brief: Shipbuilding News: * Scorpio axes Kamsarmax newbuild * Namura builds speculative VLCC * Half the newbuild BCs delayed or axed * No BC market recovery "before 2019" * S.Korea: Only nine ships ordered in Q1, hinting at more poor sales this year Shipping News: * Cargo ships sink in value as fleets liquidated * VLCC tanker rates jump to multi-week highs