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
A small city perched on San Francisco Bay poses a big obstacle to California Governor Gavin Newsom’s plans to prevent gasoline price spikes in a state that already pays more at the pump than any other.
Russian President Vladimir Putin offered India uninterrupted fuel supplies on Friday, eliciting a cautious response even as he and Indian Prime Minister Narendra Modi agreed to expand trade and defense ties between countries with decades-old ties.
Iran's Revolutionary Guards Navy fired ballistic and cruise missiles at simulated targets in the Gulf on Friday during a two-day military exercise aimed at countering foreign threats, state media reported.
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
