Imabari finalises tie-up with JMU as Japan looks to merge yards

Imabari finalises tie-up with JMU as Japan looks to merge yards

Two Japanese shipbuilding majors have signed agreements for share acquisition and joint venture set-up. However, Tokyo is orchestrating an even bigger merger plan called ‘All Japan Shipbuilding’ to integrate 15 main builders in the country

• 27 Mar 2020 Cichen Shen [email protected]

Japanese shipbuilders are under increasing pressure amid dismal market conditions and intensifying competition from their foreign rivals in China and South Korea who have embarked on M&A moves

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