Marine Link
Thursday, March 28, 2024
SUBSCRIBE

Kawasaki Shipbuilding Corp News

15 Apr 2002

Japan's KHI to Spin Off Shipbuilding

The Kyodo news service has reported that Kawasaki Heavy Industries Ltd. of Japan will spin off its shipbuilding division on Oct. 1 into a new wholly owned subsidiary. The new subsidiary will reportedly be known as Kawasaki Shipbuilding Corp., and will specialize in the manufacture of ships and related equipment, Kawasaki Heavy said in a release. The spinoff is designed to create an efficient corporate structure that will enable the shipbuilding arm to cope with the global shipbuilding industry's oversupply and operate profitably in the long term by giving its managers greater leeway in running it, Kawasaki Heavy said. The new firm will concentrate business resources on high value-added products such as submarines…

12 Nov 2007

Tokyo Gas Orders World's Largest LNG Tanker

Tokyo Gas reportedly signed a contract with Kawasaki Shipbuilding Corp. for the world's LNG ship. The ship, the eighth LNG tanker of Toko LNG Tanker Co., a wholly owned subsidiary of Tokyo Gas, will be equipped with four spherical tanks with a total capacity of 177,000 cu. m. Improved turbines will make it 15 pct more fuel-efficient than similar tankers, Tokyo Gas said. Tokyo Gas will jointly own the new vessel with Nippon Yusen K.K. with a stake of 10 pct to be held by itself and 90 percent by the major shipping company. Tokyo Gas will have exclusive rights to use the vessel for 20 years. Construction of the tanker will start in fiscal 2009. It will be completed in fiscal 2011.