Mitsubishi Heavy to Reorganize Shipbuilding Business

Japanese shipbuilder Mitsubishi Heavy Industries has announced to reorganize its shipbuilding business with the establishment of two separate, wholly-owned entities. Mitsubishi Shipbuilding Co. will primarily undertake construction of ships that require intensive outfitting. The company will focus its business operations on ship engineering, design, manufacturing and repair … [Read more...]

Japan Overtakes South Korea in Ranking of Biggest Shipbuilding Nations

For the first time in nearly two decades Japanese shipbuilders have overtaken rivals in South Korea in terms of newbuild order backlog, industry data shows. According to Clarskon Research data released Wednesday, in December 2016 Japan had a backlog of 20.64 million compensated gross tonnes (CGT), surpassing South Korea's backlog of 19.91 CGT. China is still world's … [Read more...]

Japan’s Mitsubishi Heavy Industries Considering Shipbuilding Options

By Chris Cooper and Kiyotaka Matsuda (Bloomberg) -- Mitsubishi Heavy Industries Ltd. is considering options for its shipbuilding business to reduce costs as persistently weak demand for vessels prompts companies in the industry to take measures to reorganize their operations and form partnerships. The company is considering a capital tieup with three Japanese shipbuilders … [Read more...]