News Brief: Shipbuilding News: * CSSC OME wins 3+2 MR tankers * Chinese NB orders plunged by 62% * HHIC Subic reaches 100th keel-laying * DSME's halted LPG ship operation to resume * Busan boosts offshore cluster Shipping News: * Cosco-China Shipping Group Merger Approval Expected by January * VLCC rates stabilizing, while owners could see renewed gains thanks

News Brief: Shipbuilding News: * HHI clinches Suezmax TK deal * Woori exits Sungdong creditor group * STX labors approve rescue plan * Korea still shows upturn in new orders * "Korea shows firm will on restructuring" Shipping News: * Baltic ship index at all-time low on vessel glut, China demand drop * Asia-Europe Box Rates Plunge 28 pct Steel News: *

News Brief: Shipbuilding News: * Cosco yard aborts bulker newbuild contract, inks order for two tankers * AVIC saw 49% up in gross profit * SPP files petition for support * DSME tops global orderbook * HHI-DSME credits downgraded Shipping News: * Baltic Dry Shipping Index Drops to All-Time Low * Asia Dry Bulk-Capesize rat

News Brief: Shipbuilding News: * Cosco Shipyard seals $3.1bn financing from China Development Bank * Kouan bags feeder boxships * CMES approves VLOC order * DSME bags Greek VLCC order * HHI saw 23% drop in new orders * Japan NB orders continue upwards Shipping News: * Sinotrans shipping unit to have new owner after merger * Cross-Med Dirty Handysize rates ri

News Brief: Shipbuilding News: * Pioneer to change NB contract * Daehan bags Aframax TK newbuildings * Besiktas acquires STX floating dock * M&T wins FPSO contract * SPP Shipbuilding seeks buyer * DSME to see massive loss in 2015 Shipping News: * December schedule will trigger new freight rate rally * Asia Tankers-Basra crude cargoes to give VLCC rates d