Japanese Shipbuilders Discuss Business Integration

MarineLink.com
Tuesday, April 23, 2013

Kawasaki Heavy Industries Ltd. and Mitsui Engineering & Shipbuilding Co. began preliminary discussion on potential business integration, Japan Times reported.

The two companies are expected to take multiple integration formats into consideration, including an outright merger. But sources told Japan Times that some wariness remains within the firms about any form of integration that could cause the talks to undergo several twists and turns.

Integration would attempt to place the companies closer to their Asian rivals in terms of orders, an area many Japan shipbuilders have been lagging in during the industry’s hard times.

“If the integration goes through, it will create a giant in the shipbuilding-heavy machinery industry whose aggregate consolidated sales will eclipse ¥1.8 trillion, second only to Mitsubishi Heavy Industries Ltd., which has sales of ¥3 trillion,” Japan Times said.

“Kawasaki Heavy is forecast to have posted ¥1.3 trillion in group sales in the business year to March 31 against ¥577 billion expected to have been earned by Mitsui Engineering.”

www.japantimes.co.jp

 

Maritime Reporter April 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Shipbuilding

Siemens Wins Vessel Electrical Installation Contract

Nautilus Minerals Inc. announces that the order for the supply of the entire electrical installation for the production support vessel has been awarded to Siemens International Trading (Shanghai) Ltd.

Delivery Begins for HMS Prince of Wales Bridge

The bridge section of the U.K.’s second Queen Elizabeth Class aircraft carrier has been loaded out of its dock hall in Glasgow ahead of its first sea voyage to Rosyth.

Vane Brothers Welcomes Latest Tug Newbuild

The Vane Brothers Company, a marine transportation provider headquartered in Baltimore, has taken delivery of Kings Point, the latest in a wave of Maryland-built tugboats.

Mergers & Acquisitions

China Shipbuilders may Merge to Stay Afloat

The China's four state-run shipping-related companies  are reportedly in the initial phases of combining units in order to beef up the national shipbuilding industry, says local media.

Caterpillar Acquires ESRG Technologies

Caterpillar Marine has completed the acquisition of ESRG Technologies Group, LLC, a vessel monitoring and data analytics company in the marine industry.   The

Thomson Cruises Names New Ship

Thomson Cruises’ newly acquired Splendour of the Seas will be renamed Thomson Discovery when it joins the company’s fleet in summer 2016 and it will homeport in Palma.

 
 
Maritime Contracts Maritime Standards Naval Architecture Offshore Oil Pod Propulsion Port Authority Salvage Ship Electronics Ship Simulators Sonar
rss | archive | history | articles | privacy | 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: 0.1265 sec (8 req/sec)