News Brief:Shipbuilding News:* YZJ performance to be damaged* CSSC invests $99m in propulsion R&D* STX bags chem TK quartet* DSME to receive additional fund* Korea ranked No.1 in NB delivery* "Restructuring gets serious in industry"  Shipping News:* Asian benchmark LR1 rate spikes on surge in activity, tonnage squeeze* Limited orderin

News Brief:Shipbuilding News:* K-sure to assist Sungdong* Coordinator selected for SPP sale* Daehan successfully recovered early* DSME ranks the world top for 11 months* DSME to cut up to 400 managers* Industrial restructuring commenced in Korea Shipping News:* Shipbroker sees Capesize rates easily reaching $25,000/day by year-end* China VLCC sells twoS

News Brief:Shipbuilding News:* Defunct Zhenghe yard calls for new investors to help with restructuring * Coastal Contracts goes to arbitration to settle dispute with CIMC Raffles Offshore * Petrofac cancels deepwater offshore newbuild contract at ZPMC * HMD bags Japanese MR duo * Dae Sun wins more 1,800TEUs * Korean ship financing, ‘not enou

News Brief:Shipbuilding News:* Two HHIC yards showed contrast * Ministry denies “HHI to manage STX” * Additional DSME loss found * DSME signs FLC sale deal * Hyundai Samho reaches wage deal  Shipping News:* Dry bulk shipping fleet net expansion was 1.3% during third quarter, but orderbook reduced to 17% of the trading fleet * Asia-N.Europe Box Rates

News Brief:Shipbuilding News:* Intermarine adds six more in China* Rongsheng Heavy Industries bulkers auctioned off* Export-Import Bank of China loans $1bn to Teekay* “SHI low profit to continue” * “DSME might have more losses” * Budget ready for passenger ship  Shipping News:* China Shipping Development Co Lowered to “Sell” at Zac