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
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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