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Thursday, October 27, 2016

Report: IHI, JFE to Merge Shipbuilding Units

January 30, 2012

Reuters is reporting that JFE Holdings Inc and IHI Corp will merge their shipbuilding units in a bid to remain competitive as demand for vessels contracts and Chinese rivals undercut operations hobbled by a strong yen. JFE Holdings and IHI said they aim to finalize an agreement by August, with operations to begin next year.

Maritime Reporter Magazine Cover Oct 2016 - Marine Design Annual

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