Japan Shipbuilder Launches First Ship Following Tsunami Disaster

The Japan Times
Sunday, December 02, 2012

Yamanishi Corp, located in Tsumami disaster zone, Miyagi Prefecture, launches its first ship 20 months after the destruction.

A 695-ton training ship built by Yamanishi Corp. has been officially launched at the firm's shipyard in Ishinomaki, Miyagi Prefecture.

The disasters cost the company around ¥12 billion. With only ¥1.5 billion in subsidies from the government, the company managed to stay afloat with cooperation from shipbuilders in other parts of Japan, including firms in Shizuoka, Hyogo and Hiroshima prefectures, reports The Japan Times.

Yamanishi was able to draw up a rehabilitation plan in February, under the government-backed Enterprise Turnaround Initiative Corp. of Japan. The plan included a debt waiver of some ¥7.9 billion, covering 99 percent of the company's total debts. But the plan also required Yamanishi to nearly halve its production to two vessels a year. The company was also asked to cut its workforce by 25 percent from the roughly 200 people it employed before the March 11 disasters.

The ship is painted blue, green and orange, the colors used in the flags of the hardest-hit prefectures of Iwate, Miyagi and Fukushima, with a stripe in brown, the color of the Shimane Prefecture flag.

Source: The Japan Times

 

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

Shipbuilding

New Standard for LNG Cargo Containment Systems

Wilhelmsen Technical Solutions (WTS) said it has successfully completing the gas trial for the first LNG carrier built to a Boil Off Rate (BOR) of 0.08% per day.

Messer to Debut MetalMaster Xcel

Messer Cutting Systems said it has answered the call from manufacturers that have been demanding a faster, more accurate way of producing cut parts. Messer’s

Rolls-Royce Expands in the Canary Islands

Rolls-Royce announced it has signed a cooperation agreement with the Astican Shipyard in Las Palmas, Canary Islands that it said will enhance the service capabilities

 
 
Maritime Security Maritime Standards Navigation Offshore Oil Pipelines Port Authority Ship Electronics Ship Repair Shipbuilding / Vessel Construction 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: 0.1024 sec (10 req/sec)