News Brief:

Shipbuilding News:

* HHI bags Hong Kong VLCC

* Hyundai Glovis orders new PCTCs

* AET awards tanker octet

* SHI-built drillship cancelled

* KDB releases support plan for DSME

Shipping News:

* CSCL to bareboat up to eleven 21,000-teu boxships

* CNOOC to further reduce spending in 2016

* Tanker market will remain strong for years to come says ship owner

Steel News:

* China iron ore futures hit 3-mth low on likely steel output cuts

Energy News:

* Oil industry slipping into the red as outlook dims

Biz China:

* China's regional growth indicates economy bottoming out

* Baltic Dry Index

)

BDI      728             (-8

()

BCI   1,254            -21

           ()

BPI      682 -5

BSI      633            ()

-10

BHSI    351             ()

-3

* TC Avg ($/day)

BCI  5T/C       9,184        ()

-99

()

BPI  4T/C       5,459        -41

BSI  6T/C       6,619      ()

-103

* Exchange Rate

USD / KRW   1,142.3

USD / RMB    6.3495

* Crude Future ($/barrel)

WTI       45.72

Brent     48.66

* Buker  (Singapore, $/ton)

 IF380      IFO180     MDO     MGO

240.50      250.00     427.50   437.50