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

Rederij Groen Takes Delivery of 7-Waves

Rederij Groen’s entire SRSV fleet built by Damen Maaskant Shipyards Stellendam. Dutch offshore services company Rederij Groen has taken delivery of the 7-Waves,

De Beers Orders Specialized Ship from Kleven

Kleven signed a contract with diamond company De Beers Marine Namibia, part of De Beers Group, on the building of a highly specialized vessel for deep water mineral exploration.

FMT Options for another Towboat from Eastern

Eastern Shipbuilding Group, Inc. announce that Florida Marine Transporters, Inc. of Mandeville, La. exercised another additional 90’x32’x10’ “Canal Class” Inland

 
 
Maritime Security Navigation Offshore Oil Pipelines Pod Propulsion Port Authority Salvage Ship Electronics Ship Simulators 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: 0.0783 sec (13 req/sec)