News Brief:

Shipbuilding News:

* Callimanopulos orders more TKs

* GMI to axe BC orders

* HHI finalizes 2015 wage agreement

* HMD denies MR order

* "DSME needs more capital increase"

Shipping News:

* China Shipping Shares Diverge After Consolidation Plan

* Survival of fittest for dry bulk shipping firms in 2016

Steel News:

* Iron ore up for second week but caution prevails

Energy News:

* Oil prices plunge amid renewed oversupply worries

Biz China:

* China to raise budget deficit ratio in 2016

* Baltic Dry Index

BDI      478          (0)

BCI      470          (0)

BPI      462          (0)

BSI      450          (0)

BHSI    270          (0)

* TC Avg ($/day)

BCI  5T/C     4,965         (0)

BPI  4T/C     3,692         (0)

BSI  6T/C     4,703         (0)

* Exchange Rate

USD / KRW   1,165.0

USD / RMB    6.4864

* Crude Future ($/barrel)

WTI       36.70

Brent     36.59

* Buker  (Singapore, $/ton)

 IF380      IFO180     MDO     MGO

172.50      181.50     327.50   337.50