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
By Gabriel Stargardter CALAIS, France, July 4 (Reuters) – Early one morning this week, a dinghy motored along a vast beach in northern France, stopping every few hundred meters to pick up...
Major General Mikhail Gudkov, deputy head of the Russian Navy who was praised and promoted by President Vladimir Putin, has been killed in action, depriving Moscow of one of its most senior officers, the Russian military said on Thursday.
In one of the UK’s largest drug seizures of the past decade, UK Border Force officers have seized cocaine with an estimated street value of £96 million (USD 130 million)...
Subscribe to gCaptain Daily and stay informed with the latest global maritime and offshore news
Stay informed with the latest maritime and offshore news, delivered daily straight to your inbox
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up
Join The Club
