• BIST 103.024
  • Altın 371,463
  • Dolar 6,7679
  • Euro 7,4173
  • İstanbul 16 °C
  • Ankara 12 °C

Japan’s Two Shipbuilding Giants to Form JV in October

Japan’s Two Shipbuilding Giants to Form JV in October
Imabari Shipbuilding and Japan Marine United Corporation (JMU), the largest and the second-largest shipbuilders in Japan, have reached an agreement to form a joint venture in an effort to better compete on the global shipbuilding scene.

To be established on 1 October 2020, the JV will sell and design all commercial vessels except liquefied natural gas (LNG) carriers.

The new company, Nihon Shipyard, will be 51 per cent owned by Imabari and 49 per cent by JMU.

With its headquarters in Chiyoda, Tokyo, and a workforce of around 500 people, the yard will be established with a capital of about JPY 100 million (USD 924,100), the duo said in a statement.

Moreover, under the agreement, Imabari would take over the newly issued shares of JMU.

The JV is seen as an attempt to boost Japanese shipbuilding presence globally and compete against Chinese, South Korean and European rivals.

However, Imabari has no plans to merge with JMU at the moment, Imabari President Yukito Higaki said at a press conference held on March 27, according to nippon.com.

 

TURKISH MARITIME NEWS

 
 
This news is a total 377 time has been read
  • Comments 0
    UYARI: Küfür, hakaret, rencide edici cümleler veya imalar, inançlara saldırı içeren, imla kuralları ile yazılmamış,
    Türkçe karakter kullanılmayan ve büyük harflerle yazılmış yorumlar onaylanmamaktadır.
    Bu habere henüz yorum eklenmemiştir.
Other News
All Rights Reserved © 2006 TURKISH MARITIME | İzinsiz ve kaynak gösterilmeden yayınlanamaz.
Phone : 0090 212 293 75 48 | Fax : 0090 212 293 75 49 |