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...]

MHI Delivers ‘Super Eco’ Cargo-Passenger Ship

Mitsubishi Heavy Industries has delivered a "super eco" cargo-passenger ship that MHI boasts as having outstanding energy savings, environmental load reduction, and enhanced passenger comfort and safety. The new vessel, named "Tachibana-Maru", was delivered on June 4 to Tokai Kisen Co., Ltd. at MHI's Shimonoseki Shipyard and Machinery Works where the ship has been under … [Read more...]

Japanese Shipbuilders Acquire Footprint in Brazil, Led by MHI

Five Japanese shipbuilders – Mitsubishi Heavy Industries, Ltd. (MHI), Imabari Shipbuilding Co., Ltd., Namura Shipbuilding Co., Ltd., Oshima Shipbuilding Co., Ltd. and Mitsubishi Corporation – have signed a Share Purchase Agreement (SPA) today to acquire a stake in ECOVIX -Engevix Construções Oceânicas S.A. (ECOVIX), a Brazilian shipbuilder focused on supporting … [Read more...]