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Thursday, March 28, 2024

Japan Shipyards Turn to Fuel-Savings to Compete

Maritime Activity Reports, Inc.

June 14, 2011

According to a report from Bloomberg, Japanese shipbuilders, leapfrogged by South Korean and Chinese yards in an industry they once dominated, are counting on fuel-saving technology to help them overcome a stronger yen and high wages. A Japanese handysize dry-bulk ship typically uses about 24 tons of fuel a day, compared with 28 tons for Chinese-made ones, a Bloomberg source said.
 
Source: Bloomberg