Japan’s top shipbuilders Imabari Shipbuilding and Japan Marine United Corporation have agreed to form a new joint venture company aimed at strengthening their global competitiveness in the commercial shipbuilding sector.
The new company will commence operations under the name Nihon Shipyard beginning October 1, 2020.
Nihon Shipyard will focus on the marketing, development and sales of all types of new commercial ships with the exception of LNG carriers.
“Amid the ever-intensifying competitive environment where shipbuilders overseas have become more integrated, the Capital Alliance will aim to strengthen both companies’ international competitiveness in the merchant shipbuilding business, and the Joint Venture Company will be established to maximize the effectiveness of the Alliance jointing marketing and design capabilities of the respective company,” the companies said in a press release.
The new joint venture will be 51%-owned by Imabari with JMU owning the remaining 49%.
Sign up for gCaptain’s newsletter and never miss an update
Essential maritime and offshore news, insights, and updates delivered daily straight to your inbox
The world’s shipping regulator is on the verge of green-lighting a global charge on the industry’s emissions, something that has prompted the Trump administration to threaten tariffs in response.
The International Maritime Organization (IMO) kicked off its second extraordinary meeting of the Marine Environment Protection Committee (MEPC ES.2) today, with Secretary-General Arsenio Dominguez highlighting the critical need to lock in mandatory rules through the IMO Net-Zero Framework (NZF).
Australia’s icebreaker RSV Nuyina made contact with the ocean floor off the coast of Heard Island in the Southern Ocean during sea floor mapping activities. The incident occurred on Monday...
Subscribe to gCaptain Daily and stay informed with the latest global maritime and offshore news
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up
Join The Club
