News Brief: Shipbuilding News: * Sinopacific stops ship design business   * Shanghai-listed CSIC to transfer ownership of two engine units to parent firm * DSME to hold stockholder meeting * Bahri buys secondhand VLCC * Japanese yards set new NB strategy Shipping News: * COSCO set to reshape shipping alliances * Tankers: Higher tonnage availability in hurt

Shipbuilding News: * China Shipbuilding Industry Co. says 3 unprofitable units to be handed over to parent * Daewoo Shipbuilding forms task force on risk management * STX Heavy turns a profit * Korea Ratings comments on domestic yards Shipping News: * Asia Dry Bulk-Capesize rates to remain steady as vessel scrapping, idling increases * Baltic index up for tenth straight

Shipbuilding News: * COSCOCS considers ULC orders * HHI records ‘zero’ NB sales in Jan * Big3 yards offshore loss reach $5.6bn * JMU delivers mega containership Shipping News: * Hanjin Shipping eyes asset sales to improve financial footing * Lull in LPG shipments to India worsens strain on freight rates Steel News: * Dalian iron ore edges up as Shanghai ste

News Brief: Shipbuilding News: * BSHIC awarded jack-up platform duo * Lenders might sell DSME shares * RG issue for SPP approved * HHIC NB delivery extended * Oshima bags Kamsarmax BC duo Shipping News: * Scrapping the only answer for dry bulk shipping * NWE-Asia fuel oil Arb seen workable on 5-month low VLCC freight rates: Sources Steel News: * Iron

News Brief: Shipbuilding News: * Sainty Marine Becomes First Listed Shipbuilder to Go Bankrupt * Navig8 receives TK duo from Korea * Sumitomo saw 67% down in new orders * Sanoyas won six BCs in last 9 months Shipping News: * Chinese and Greek ship owners accounted for 40% of global recycling in 2015, 9.6m GT * Baltic index edges higher on improved demand for small