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 2013 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Shipbuilding

ClassNK's Noboru Ueda Attends KOTC Delivery Ceremony

Mr. Noboru Ueda, Chairman and President of ClassNK attended the delivery ceremony for the M/T Al Yarmouk, constructed at Daewoo Shipbuilding & Marine Engineering Co.

RIMPAC Exercise Puts LCS Through Paces

It was the middle of May, and the littoral combat ship Independence was operating out of San Diego, testing components of the mine warfare mission package. The mission is one that,

New Superyacht ROCKIT.IT Launched by Feadship

Feadship says it has launched the outstanding 60.35-metre motoryacht ROCK.IT. Created for an experienced owner who has chartered Feadships and appreciated the essence of the brand,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Pod Propulsion Port Authority Ship Repair Ship Simulators Shipbuilding / Vessel Construction 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: 0.0748 sec (13 req/sec)