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

Shipbuilding

Saab Completes Acquisition of TKMS (Kockums)

Defence and security company Saab's acquisition of the Swedish shipyard Thyssen Krupp Marine Systems (TKMS, formerly Kockums) has now been completed. The acquisition

GDI Awards N-KOM US$110-M Contracts

Gulf Drilling International (GDI) Limited, a subsidiary of Gulf International Services (GIS), the largest oilfield service company in Qatar, has awarded two contracts

Navios Announces VLCC Delivery

Navios Maritime Acquisition Corporation, an owner and operator of tanker vessels, has announced that the Nave Electron, a 2002-built VLCC of 305,178 dwt, was delivered

Mergers & Acquisitions

Saab Completes Acquisition of TKMS (Kockums)

Defence and security company Saab's acquisition of the Swedish shipyard Thyssen Krupp Marine Systems (TKMS, formerly Kockums) has now been completed. The acquisition

Semco and PV Join Forces for Rig Upgrade

Semco Maritime and PetroVietnam Marine Shipyard join forces to establish high class rig upgrade player in South East Asia - Vung Tau Rig Services. The initiative

Kito Americas Acquires Peerless Industrial

Kito Americas, Inc. announced today that the company has entered into a stock purchase agreement to acquire Peerless Industrial Group from Westview Capital Partners II, L.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Naval Architecture Pod Propulsion Ship Electronics Ship Repair Shipbuilding / Vessel Construction Sonar 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: 0.1835 sec (5 req/sec)