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

Shipbuilding

World’s First LNG-Ready Ultra Large Container Ship Named

The race is on in global maritime circles to be the “world’s first” in every aspect of environmental friendliness, particularly in regards to the incorporation of LNG as fuel onboard commercial ships.

Wärtsilä Integrated Solutions for Maersk's AHTS Vessels

A new series of six Anchor Handling Tug Supply vessels to be built at the Kleven Verft AS in Norway for the Danish based Maersk Supply Service A/S - part of the A.

MacGregor Deck Equipment for Intership's Eco-bulkers

MacGregor, part of Cargotec, has secured a deck equipment contract from New Times Shipyard in China for Intership Navigation Co Ltd.'s three new 36,500 dwt laker-class bulk carriers.

Mergers & Acquisitions

Gazprom to Partner Turkey to Supply Gas

Moscow hosted today a working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Taner Yildiz, Minister of Energy and Natural Resources of the Republic of Turkey.

NWS Approve Persephone Project

Woodside, as Operator of the North West Shelf (NWS) Project, advises that the NWS Project participants have approved the Persephone Project off the north-west coast of Australia.

CMA CGM Acquires OPDR

The CMA CGM Group has acquired the German shipping company Oldenburg-Portugiesische Dampfschiffs-Rhederei GmbH & Co. KG (OPDR), CMA CGM founder, chairman and CEO Jacques R.

 
 
Maritime Contracts Maritime Security Maritime Standards Navigation Offshore Oil Pipelines Pod Propulsion Ship Repair 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: 0.1873 sec (5 req/sec)