sayendo lng carrier mhi

Mitsubishi Heavy Considering Splitting Off Shipbuilding Business

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December 24, 2014

MHI’s proprietary “Sayaendo” LNG carrier. Illustration courtesy MHI

reuters_logo1TOKYO, Dec 24 (Reuters) – Japan’s Mitsubishi Heavy Industries Ltd (MHI) said on Wednesday it was considering a range of options for its shipbuilding business, including splitting it off into a separate company.

The comment follows a report in the Nikkei business daily that it was looking at splitting off part of its shipbuilding business – primarily the shipyards that construct liquefied natural gas and liquefied petroleum gas carriers – by the middle of next year.

The move would allow that division to explore business tie-ups with other shipbuilding firms, it said.

(Reporting by Edwina Gibbs; Editing by Paul Tait)

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