IHI to Buy More Overseas Components

Friday, May 15, 2009

According to a May 14 report from Bloomberg, IHI Corp., Japan’s second-largest heavy-machinery maker, plans to increase imports of shipbuilding components to counter a stronger yen. The company’s IHI Marine United Inc. unit plans to buy parts including pumps and motors from South Korea and other nations, said Shigemi Kurahara, the incoming president of the Tokyo-based subsidiary. IHI forecast a 64 percent decline in shipbuilding operating profit this fiscal year to $10m because of the stronger yen.

(Source: Bloomberg)

Maritime Reporter July 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

EMGS Reports 2Q and 1H 2014 Results

Electromagnetic Geoservices ASA's (EMGS) reported revenues of USD 42.5 million in the second quarter 2014, down from USD 61.3 million in the first quarter this year and from USD 44.

Danos Fabrication Facility Creates 150 Jobs

Danos, a family owned oil and gas service company, announced plans to expand its fabrication capabilities, by opening a 120,000 square-foot fabrication facility in Amelia, La.

US’ Largest Floating Drydock Heads to Portland

The country’s largest floating drydock, the Vigorous, is headed for Portland this weekend. The drydock, a piece of equipment used to lift vessels as large as cruise ships out of the water,

 
 
Maritime Security Maritime Standards Naval Architecture Pod Propulsion Port Authority Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1794 sec (6 req/sec)