Shipbuilding Alliance Likely to be Forged
 
Advertise Here
Trending Topics:
Sunday, June 14, 2015

Ship Equipment
Ship Maintenance
Unitor
Ship Systems
Bimco
Worldwide Metric
Portvision
Hydroscan
Freeman Marine
Neptune Group

MarineTalk
Home Page
About MarineTalk
Buyer's Guide
World InfoDesk
Discussion Forums
Advisory Board
FAQ
Advertising Information
Submit Company Listing
Edit Company Listing
Site Map
 
MarineTalk Site Search:
Featured Companies

MITAGS - Maritime Institute of Technology & Graduate Studies
The Maritime Institute of Technology and Graduates Studies (MITAGS) is a non-profit continuing education center for professional mariners. The Institute provides training to civilian and military mariners from around the globe.
    USA Maryland

MARPOL Training Institute, Inc.
We provide superior DNV certified computer-based training systems and consulting covering MARPOL Regulations, Waste Management Best Practices and the US EPA NPDES Regulations.
    USA California

Marine Academy
Our marine academy provides extensive education and training in the area of navigation and radio communication.
    Russia

Seattle Maritime Academy
Seattle Maritime Academy provides both entry level and advanced training and education for mariners. Our programs in Marine Engineering Technology and Marine Deck Technology lead to endorsements under Sections A-III/4 and A-II/4 of the STCW Code.
    USA Washington

Shipbuilding Alliance Likely to be Forged

      4/5/2001

Two Japanese heavy-industry companies announced they were in talks on integrating their shipbuilding businesses. Ishikawajima-Harima Heavy Industries (IHI) and Kawasaki Heavy Industries planned to set up a joint venture to create Japan's second-biggest shipbuilder in October 2002. But the companies, which along with Mitsui Engineering Shipbuilding agreed in September to co-operate in building ships, said nothing had been decided yet.

It is expected the duo may sign a memorandum of understanding as early as next month to create a merged shipbuilder with annual sales worth 210 billion yen (US$1.7 billion). The profitable Mitsui was cautious about a merger, but IHI and Kawasaki Heavy were in a rush to conclude the deal. The naval shipbuilding division of Sumitomo Heavy Industries Ltd is also expected to join the alliance. Sumitomo Heavy's participation would create Japan's biggest shipbuilder, overtaking Mitsubishi Heavy Industries.The existing alliance between IHI, Kawasaki Heavy and Mitsui Engineering covers co-operation in raw-goods purchases and the development, design, marketing and sale of ships. The talks on expanding the alliance comes after Hitachi Zosen Corp and NKK Corp said in February they would consolidate their shipbuilding divisions in a new firm to be established around October 2002.

Japan's once-dominant shipbuilding industry has seen its market share shrink in recent years through increased foreign competition, particularly from South Korea and China.


China Daily, 29 March 2001  







Latest Marine News and Technology Articles | Maritime 2015 Buyer's Guide





MarineTalk

E-mail:  Contact Us

Copyright 1998 - 2015 MarineTalk
Division of Link Internet Business Solutions
All rights reserved.

The reproduction, retrieval, copying or transmission of this Web site content,
in whole or in part, is not permitted without the express permission of
MarineTalk .