News Brief: Shipbuilding News: * China spent $1.9bn to encourage industry * KEB issues RG for HHI's LNGC * HHI labor agreed on strike * Korean subcontractors form join council * "Slow ordering activity in 2H"   Shipping News: * CMES Receives Scrapping Subsidy from China * VLCC market on backwards mode

News Brief: Shipbuilding News: * CSIC merges two shipyards * DSME’s inglorious No.1 in orderbook * Korean Banks Hit Hard by Shipbuilding Woes * Korean banks opt for cliff-hanging loan relief for Samsung Heavy Industries   Shipping News: * Box Shipping Rates Fall as East-West Price War Rages on * Capesize rates set to dive

News Brief: Shipbuilding News: * Samsung Heavy Industries Lays Out Restructuring Plans * Auditors Reveal USD 1.28 Bn Accounting Fraud at DSME * HMD sells all of its KCC shares * HHIC needs no extra wage talks this year * Korea topped 1Q NB deliveries Shipping News: * Maersk Line to Up Asia-Europe Freight Rates from July 1

News Brief: Shipbuilding News: * SWS PSV pair into arbitrations after cancellation * DSME labor union approves strike plan * STX Offshore & Shipbuilding ordered to pay $40 mn in disputes with foreign ship owners * Hyundai Heavy Industries’ first shipbuilding client offers morale support * SHI Could Join the Construction of India’s FSRU LNG Te

News Brief: Shipbuilding News: * CSIC's rig construction suspended * Creditors urge Daewoo Shipbuilding workers not to sit down * Livanos visits HHI with deep friendship * President Park urges bold restructuring * JMU wins Ro-Pax ferry Shipping News: * S. Korea: Government hints at merger of HMM, Hanjin Shipping * Frontli