News Brief:

Shipbuilding News:

* CSIC bags large order of Sinotrans

* Landmark Capital LNGC builder changed

* DSME borrows short money

* More rescue is expected for DSME

* SHI revises 3Q results, turning into loss

* SK denies rumors on buying troubled Daewoo Shipbuilding

Shipping News:

* New VLGCs taking toll on freight rates, open US LPG arbitrage

* Glut of container capacity torpedoes shipping fees

Steel News:

* Iron ore at near 4-month low as China steel struggles

Energy News:

* Oil prices dive as inventories add

Biz China:

* No exact date has been set for IMF SDR basket review in Nov

* Baltic Dry Index

)

BDI      657            (-23

()

BCI   1,043            -56

          ()

BPI      636 -17

BSI      596            ()

-13

BHSI    333             ()

-6

* TC Avg ($/day)

BCI  5T/C       7,638       ()

-480

()

BPI  4T/C       5,085       -137

BSI  6T/C       6,230       ()

-140

* Exchange Rate

USD / KRW   1,129.5

USD / RMB    6.3381

* Crude Future ($/barrel)

WTI       46.60

Brent     48.84

* Buker  (Singapore, $/ton)

 IF380      IFO180     MDO     MGO

247.00      256.50     450.50   460.50