Marine Link
Thursday, March 28, 2024
SUBSCRIBE

Sasebo Heavy Industries Co News

25 Apr 2013

Wisdom Marine Takes Loan for Japanese Orders

Wisdom Marine Group signed a two-tranche syndicated loan agreement for $5.92 million (USD) and ¥11.88 billion ($119.43 million, USD) with six domestic banks to finance its orders with three Japanese shipbuilders, Taipei Times reported. The syndicated loan was co-led by First Commercial Bank and Bank of Taiwan, with participating loans from Taiwan Cooperative Bank, Hua Nan Commercial Bank, Bank SinoPac and Bank of Kaohsiung. Wisdom Marine and its subsidiaries placed orders with three Japanese shipbuilders Oshima Shipbuilding Co Ltd, Sasebo Heavy Industries Co Ltd and Tsuneishi Shipbuilding Co Ltd to build six bulk vessels. Delivery is anticipated sometime between this year and 2015.

09 Apr 2001

Japanese Shipbuilders Warned Over Bid Rigging

According to a report from the Kyodo News Service, eight shipbuilders were warned by the government's competition policy watchdog over alleged bid rigging on defense contracts. The Fair Trade Commission (FTC) said it issued the warning over what it deems were acts to unfairly restrict competition for contracts from the Maritime Self-Defense Force (MSDF) concerning the force's fleet between fiscal 1996 and fiscal 1999. The eight are Mitsubishi Heavy Industries Ltd., Ishikawajima-Harima Heavy Industries Co., Sumitomo Heavy Industries Ltd., Hakodate Dock Co., Mitsui Engineering & Shipbuilding Co., NKK Corp., Sasebo Heavy Industries Co. and Hitachi Zosen Corp.

06 Mar 2003

Shipbuilding Execs Receive Suspended Sentences

Kyodo News Service reported that two former executives of Sasebo Heavy Industries Co. received suspended prison sentences for their role in defrauding the government millions in grants by falsely claiming the shipbuilding firm had retrained employees. Arifumi Himeno quit as president of the company upon his arrest last summer. He was sentenced to a three-year prison term. Yukio Mizuhiro who was deputy director of the company's shipbuilding yard in Sasebo, Nagasaki Prefecture, was given a two-year term. Both terms suspended for three years.