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Mitsubishi Heavy

Mitsubishi Denies GE Rumors

Japan’s largest heavy machinery maker Mitsubishi Heavy Industries Ltd. denied a newspaper report that it is in talks with General Electric Co. on a business alliance. Japanese daily Asahi Shimbun said the two companies have started negotiating to form a business alliance for small power generators. "It is not true that we have started such talks," said a spokeswoman for Mitsubishi Heavy. But she said the company will consider a variety of alliances in many business fields in the future. The newspaper said limited capital investment by Japanese power companies amid a prolonged economic slump had forced the two rivals to join hands. In May, Mitsubishi Heavy reported its first-ever loss, for the business year that ended last March. Many of Japan's traditional industries continued to suffer from the nation's decade-long economic downturn. No immediate comments were available from GE. – (Reuters)


Mitsubishi Heavy Industries Revamp Singapore Businesses

MHI to launch new Mitsubishi Heavy Industries Engineering & Services Private Ltd. (MIES) in Singapore, integrating three local afiliated companies. Effective October 1st 2012 Mitsubishi Heavy Industries, Ltd. (MHI) will launch a new company, Mitsubishi Heavy Industries Engineering & Services Private Ltd. (MIES), to supersede the current MHI Industrial Engineering & Services Private Ltd. (also abbreviated as MIES) after taking over various business functions of two other MHI


LNG Carriers on the Upswing

This past March concluded an agreement between Mitsui O.S.K. Lines and Kawasaki Shipbuilding for construction of an LNG carrier with a capacity of 145,000 cu. m. With two of the carriers already delivered to Mitsui for use by both Oman and Algeria under co-ownership, this agreement marks the third informal order placed for this such vessel. In addition, both Kawasaki Shipbuilding and Mitsubishi Heavy Industries received an order for one 145,000 cu. m


Kongsberg Maritime Outfits New PGS Vessels

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Two new state-of-the-art Ramform Titan-class seismic vessels under construction at the Mitsubishi Heavy Industries yard in Japan for Norway headquartered Petroleum Geo Services (PGS) will feature a delivery from Kongsberg Maritime including integrated navigation, Dynamic Positioning and an extensive back-deck handling systems package. The contracts, valued at  more than $50 million, were signed by Kongsberg Maritime and Mitsubishi Heavy Industries


Steering Gear, Deck Machinery Licensed to Chinese Manufacturer

Mooring Winch MHI: Photo credit MHI

Mitsubishi Heavy Industries (MHI) licence Chinese manufacturers Jiangsu Masada Heavy Industries Mitsubishi Heavy Industries, Ltd. (MHI) has signed an agreement with Jiangsu Masada Heavy Industries Co, Ltd., in Jiangsu Province, China, under which MHI is to license production and marketing of steering gears and deck machinery based on company technology to Jiangsu Masada.  The steering gear and deck machinery technologies to be licensed are for small and medium-sized


MHI Suffers Another Fire

Japan’s Mitsubishi Heavy Industries (MHI) extinguished a fire on an LNG being built at the Nagasaki yard. According to reports, the nearly-completed ship is being inspected for possible damage. Last October, the P&O cruise ship, Diamond Princess, suffered from a major fire at the same shipyard. MHI continued construction after an examination of the damage.


Japanese Firm to Set Up Houston Compressor Plant

MCO Compressor deliveries in UAE: Photo courtesy of MCO

Mitsubishi Heavy Industries Compressor Corporation (MCO), a group company of Mitsubishi Heavy Industries, Ltd. (MHI), is to establish MHI Compressor Manufacturing, LLC in Pearland, Texas, to produce and service oil industry compressor equipment. The company will produce and service compressors in the U.S. market to accommodate demand generated by rapid growth in shale gas and oil development. Supported by this growth, many new petrochemical plant construction projects are planned


MOL, Kansai Electric Power Sign Deals to Build, Charter LNG Carriers

Mitsui O.S.K. Lines, Ltd. signed a long-term contract for two new liquefied natural gas (LNG) carriers with Kansai Electric Power Inc. (President: Makoto Yagi). At the same time, MOL concluded contracts to build the ships Kawasaki Heavy Industries, Ltd. (President: Satoshi Hasegawa) and Mitsubishi Heavy Industries, Ltd. (President: Hideaki Omiya). The ships are slated for launching in 2016 and 2017. MOL will manage and operate the vessels, with which transport LNG for Kansai Electric Power.


Wärtsilä, CSIC, Mitsubishi New Chinese Factory

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Wärtsilä, China Shipbuilding Industry Corporation (CSIC) and Mitsubishi Heavy Industries (MHI) inaugurated their new, jointly owned, low-speed marine engine factory QMD in Qingdao, Shandong province. The state-of-the-art QMD factory features a modern welding shop, machine shop, assembly shop, and a testing shop, as well as facilities for heat treatment, blasting and painting. This engine production factory has automated equipment and processes, the flexible use of test beds


MHI to Continue Construction of Diamond Princess

The Diamond Princess, which is currently under construction in Mitsubishi Heavy Industries' Nagasaki Shipyard, suffered a major fire on October 1.P&O Princess Cruises and Mitsubishi Heavy Industries have now had discussions following a preliminary assessment of the damage. Both parties confirm that they wish to continue with the construction of the Diamond Princess although there will be a significant delay to the scheduled delivery date


Scepticism, Confusion over Australia Submarine Tender

Officials in Australia and Japan on Monday expressed scepticism and confusion over a pledge by Prime Minister Tony Abbott to give an Australian state-owned shipbuilder the option to tender for a major submarine contract, heightening the uncertainty around the project.


MHI Receives "Grand Prix" Award

High Marks Given to MHI REPORT 2014

  Mitsubishi Heavy Industries, Ltd. (MHI) has received the Grand Prix at the Nikkei Annual Report Awards 2014 sponsored by Nikkei Inc. The Grand Prix is the top award to be given to the company most highly appreciated by judges. The award-winning publication is the "MHI REPORT


MHI Consolidates 5 In-house R&D Facilities

Mitsubishi Heavy Industries, Ltd. (MHI) will reorganize its research and development structure.   The reorganization initiative calls for the creation of a new Research & Development Center consolidating the five currently existing Research & Development Centers


Mitsubishi Heavy Industries Releases FY2014 3rd Quarter Financial Results

Mitsubishi Heavy Industries released its consolidated financial results for the first nine months of fiscal year 2014 today. The company posted a 47.9% increase in ordinary income over the same period for FY 2013, as well as a 29.9% increase in operating income


MOL, Mitsui Ink Charter Deal

Courtesy  Cameron LNG

  Mitsui O.S.K. Lines, Ltd. signed a contract with Mitsui & Co., Ltd. today (January 29) to charter a new 177,000m3 liquefied natural gas (LNG) carrier. This is the third newbuilding vessel chartered by Mitsui & Co., following a contract signed last September 26 for two carriers


Mitsui Orders 2 LNG Carriers from MHI

Moss-type tanks

Mitsubishi Heavy Industries, Ltd. (MHI) reports it has received an order for two next-generation LNG (liquefied natural gas) carriers from Mitsui & Co., Ltd., scheduled for completion and delivery in 2018 and 2019, respectively. They will be put into service for the Cameron LNG Project


India Seeks Submarine Cooperation with Japan

Picture: Indian Navy

The government of India has put forward a proposal of over Rs 50,000 crore ($6 billion) project to construct six stealth submarines in India. India is especially interested in acquiring the latest diesel- electric Soryu –class submarines, according to a report in the Times of India. 


Great Ships of 2014: Harvest Frost

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The first of three bulk carriers was delivered to Archer Daniels Midland Company (ADM), unique in that the ship features a host of innovative technologies, including the Mitsubishi Air Lubrication System (MALS), which reportedly helps the ship to achieve a 27% reduction in CO2 emissions as


MHI, Siemens JV Starts Operations

  Mitsubishi Heavy Industries, Ltd (MHI) and Siemens AG today announced the closing of their joint venture in the field of metallurgical industry. The new company is named Primetals Technologies, Limited and headquartered in London, UK


Mitsubishi Considers Splitting Off Shipbuilding Arm

Japan's Mitsubishi Heavy Industries Ltd (MHI) said on Wednesday it was considering a range of options for its shipbuilding business, including splitting it off into a separate company. The comment follows a report in the Nikkei business daily that it was looking at splitting off part of its


MHIEC's Waste-to-Energy Plant for Yamagata

Conceptual drawing of the new facility

  Mitsubishi Heavy Industries Environmental & Chemical Engineering Co., Ltd. (MHIEC), a group company of Mitsubishi Heavy Industries, Ltd. (MHI), has received an order from the Yamagata Area Environmental Office Association, a body encompassing two cities and two towns in Yamagata


MHI Nuclear Engineering Training in Vietnam

On December 5, a ceremony was held at Electric Power University (EPU) in Hanoi, Vietnam, to mark the start of the fourth year Mitsubishi Heavy Industries, Ltd. (MHI) is providing instruction in nuclear engineering at this educational institution.


MHI Employee Wins Gold at National Skills Competition

[gold medalist , Yuhei Hiyamizu]

  An employee of Mitsubishi Heavy Industries, Ltd. (MHI) won the gold medal in the Mechanical Device Control category at the 52nd National Skills Competition held in Aichi Prefecture from November 28 to December 1. Company employees also won silver and bronze medals in the Welding category


MHI Receives "Best IR Award"

IR Image

 Mitsubishi Heavy Industries, Ltd. (MHI) has received one of this year's "Best IR Awards" presented annually by the Japan Investor Relations Association (JIRA). The company was cited for the clear and detailed way in which it has delineated and explained its management stance to the


MHI to Revamp its Casting Operations

MHIs Futami Plant

  Effective April 1, 2015 Mitsubishi Heavy Industries, Ltd. (MHI) will revamp its production structure for casting products. From that date all current Group casting operations will be consolidated at the company's Futami Plant, part of its Kobe Shipyard & Machinery Works






 
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