Join our crew and become one of the 104,526 members that receive our newsletter.

bow of a dry bulk carrier at anchor

Japanese Shipbuilders Announce Business Tie-Up

Mike Schuler
Total Views: 69
March 31, 2020
baltic dry index
Photo: Shutterstock/Volodymyr Kyrylyuk

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%. 

Unlock Exclusive Insights Today!

Join the gCaptain Club for curated content, insider opinions, and vibrant community discussions.

Sign Up
Back to Main
polygon icon polygon icon

Why Join the gCaptain Club?

Access exclusive insights, engage in vibrant discussions, and gain perspectives from our CEO.

Sign Up
close

JOIN OUR CREW

Maritime and offshore news trusted by our 104,526 members delivered daily straight to your inbox.

Join Our Crew

Join the 104,526 members that receive our newsletter.