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)
On October 1 two new wholly owned group companies of Mitsubishi Heavy Industries, Ltd. (MHI) succeeding to MHI's ship construction operations in the Nagasaki district will commence business operations. Mitsubishi Heavy Industries Shipbuilding Co., Ltd. will handle ship constructions, while Mitsubishi Heavy Industries Hull Production Co., Ltd. will manufacture hull blocks. By making full use of the diverse resources cultivated at the Nagasaki Shipyard & Machinery Works
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
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
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
A consortium of Japanese shipyards decided to sell its stake of Ecovix, which controls the Rio Grande Shipyard, reports Reuters. Mitsubishi Heavy Industries, four other shipbuilders said in October 2013 acquired 30% of Ecovix-Engevix Construcoes Oceanicas in a deal reportedly worth some 30 billion yen (about $305 million at the time). In addition to MHI, the Japanese group includes Mitsubishi Co and the Imabari, Namura and Oshima Shipbuilding companies
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.
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
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
In December Mitsubishi Heavy Industries Compressor Corporation (MCO), a Group company of Mitsubishi Heavy Industries, Ltd. (MHI) based in Hiroshima, will establish a new company in Brazil in a joint venture with Mitsubishi Corporation (MC), to be known as MHI Compressor do Brasil Ltda. (MCO-B). Creation of the new entity, which will launch commercial operations in February 2016, is targeted at developing the Latin American market for compressors
French Prime Minister Manuel Valls said on Monday he was committed to building all of a new Australian submarine fleet in Australia, apparently contradicting the French contractor who said last week the deal would create jobs in France. Valls stopped off in Australia while headed to New Zealand
Today Mitsubishi Heavy Industries America, Inc. (MHIA), a Group company overseeing the business of Mitsubishi Heavy Industries, Ltd. (MHI) in North America, commenced full-scale operations at its newly relocated Head Office in Houston, Texas, following a move from its previous base in New York.
Australian defence officials warned French naval contractor DCNS to beef up security in Australia, where it is preparing to build a A$50 billion ($38.13 billion) fleet of submarines, in the wake of a massive data leak, a government spokesman said on Friday.
Four major Japanese shipbuilders are in discussions to form an alliance in hopes of riding out the industry slump. Mitsubishi Heavy Industries, Ltd. (MHI) announced in a press release today that it has entered talks with Imabari Shipbuilding Co., Ltd., Oshima Shipbuilding Co., Ltd
Today Mitsubishi Heavy Industries, Ltd. (MHI) decided in principle to launch a new wholly owned entity to integrally oversee its current businesses in material handling equipment centered on forklift trucks, engines and turbochargers. The new entity will serve as an independent management body to
While Japan is confident it has proven itself the best contender to build Australia's new submarines, the French have moved to undermine Japan’s bid to build the navy’s new submarines. Representatives from Mitsubishi Heavy Industries (MHI)
Japan has urged Australia to award a contract to build its new $50-billion submarine fleet, reports SMH. Japan, which is offering a variant of its 4,000 ton Soryu submarine, is competing against rival bids from Germany and France for the contract.
The MET Hybrid Turbocharger from Mitsubishi Heavy Industries Marine Machinery & Engine Co. Ltd. (MHI-MME) uses a motor generator system and power electronics developed by Calnetix Technologies. The Japan Machinery Foundation presented its President’s Award to MHI-MME for the
Mitsubishi Heavy Industries, Ltd. (MHI) delivered the "Jinryu" submarine to the Japanese Ministry of Defense (MOD) today in a ceremony held at the MHI Kobe Shipyard & Machinery Works' No.3 pier in Kobe, Hyogo Prefecture. The Jinryu is the seventh Soryu-class submarine supplied to the
Mitsubishi Heavy Industries, Ltd. (MHI) completed delivery of the AIDAprima, the first of two large cruise ships being built for AIDA Cruises at MHI's Nagasaki Shipyard & Machinery Works. A ceremony to mark the occasion was attended by Michael Thamm, CEO of the Costa Group, and Felix Eichhorn
Today Mitsubishi Heavy Industries, Ltd. (MHI) launched operations at MHI Australia, Pty. Ltd. in Sydney. Creation of the new entity has two overriding ambitions: 1) to strengthen ties with Australia's governmental institutions and economic and industrial sectors
Australia will speed up plans to build more naval vessels in domestic shipyards, Prime Minister Malcolm Turnbull said on Monday, making an announcement that could find favour with voters just weeks ahead of a likely federal election. Naval shipbuilding is a key part of a plan unveiled in
Japan's advanced attack Soryu submarine carried out drills with Australia's navy on Tuesday as a German company launched a campaign to advertise its expertise - as a race for a A$50 billion contract to build Australia's next submarine fleet neared a climax.
Mitsubishi Heavy Industries, Ltd. (MHI) hereby announces its intent to book an extraordinary loss from its cruise ship business in the company's consolidated financial results for fiscal year (FY) 2015 (ending March 31, 2016). 1. Background to the extraordinary loss
AIDA Cruises’ new flagship AIDAprima docked in Britain’s Southampton port for the first time on the morning of April 27, 2016, as part of a four-day short cruise. AIDAprima will become the first cruise ship to depart from a German port all year round