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’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...]

Mitsubishi Heavy to Shrink Shipbuilding Operations -Report

TOKYO, Oct 9 (Reuters) - Japan's Mitsubishi Heavy Industries is planning to stop taking new orders for large passenger ships, downsizing its shipbuilding operations due to a slump in orders, the Nikkei newspaper reported on Sunday. The plans by Japan's fourth-largest shipbuilder come as new shipbuilding orders have declined 80 percent so far this year, the Nikkei said. … [Read more...]