News Brief:

Shipbuilding News:

* SPP in talks for MR tankers

* DSME soon delivers fourth Cat D rig

* HHI offshore losses reach $908m

* Safe Bulkers conducted vessel sales

* MES takes over subsidiary's contract

Shipping News:

* Baltic Dry Index up for second straight session

* Dry bulk vessel recycling in Jan up 43% on year: Golden Destiny

Steel News:

* Iron ore futures jump as China returns from holiday

Energy News:

* China suspends oil price adjustment again

Biz China:

* China's foreign trade drops almost 10%

* Baltic Dry Index

BDI      295          ()

+4

()

BCI      204          +5

)

       (BPI      334 +10

BSI      247          ()

+4

BHSI   183            (0)

* TC Avg ($/day)

BCI  5T/C     2,721         ()

+23

()

BPI  4T/C     2,677         +80

BSI  6T/C     2,580         ()

+36

* Exchange Rate

USD / KRW   1,209.9

USD / RMB    6.5130

* Crude Future ($/barrel)

WTI       30.05

Brent     34.51