MHI Reports First Ever Loss

Thursday, May 25, 2000
Japan's Mitsubishi Heavy Industries Ltd. reported its first-ever loss, primarily because it had to redo some construction work on overseas plants. The first-time fall into the red comes as Japan's traditional industries continue to suffer from the nation's prolonged economic slump as corporations have only recently signaled they plan to raise investment in infrastructure. Slack shipbuilding sales and a price decline in machinery pushed sales down to 2.88 trillion yen from 2.91 trillion yen. The largest maker of heavy machinery in Japan posted a consolidated net loss of 137 billion yen ($1.27 billion) for the year ended March 31, against an 18 billion yen profit the previous year.
Maritime Reporter October 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Shipbuilding

MacGregor Deck Equipment for Intership's Eco-bulkers

MacGregor, part of Cargotec, has secured a deck equipment contract from New Times Shipyard in China for Intership Navigation Co Ltd.'s three new 36,500 dwt laker-class bulk carriers.

Seacor Takes Delivery of 10,800 HP Crewboat

Seacor Marine is building ever larger and more powerful mono-hull crew/supply boats. The first of these to be delivered is the 202x34-foot Alex F. McCall with some very impressive statistics.

Choosing the Best Financing Proposal

It isn’t always about the rate. In a robust boatbuilding market – like the one we see now – even the most successful, financially stable operators need to borrow.

 
 
Maritime Contracts Maritime Standards Naval Architecture Navigation Offshore Oil Pipelines Ship Electronics Ship Repair Ship Simulators Sonar
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: 0.1248 sec (8 req/sec)