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Mitsubishi Heavy restructures shipbuilding division

Mitsubishi Heavy restructures shipbuilding division

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One of Japan’s top shipbuilders is going through yet another restructuring. From January 1, Mitsubishi Heavy Industries will create two new divisions for its shipbuilding business. Mitsubishi Shipbuilding will focus on high tech vessels while Mitsubishi Heavy Industries Marine Structure will be tasked with more simple, series construction ships as well as large marine structures.

Mitsubishi Heavy is one of Japan’s oldest shipbuilders. Founded in 1884, it has three yards around Japan. Forays into cruise shipbuilding have proved costly in recent years, while the rise of cheaper Chinese yards has also hit revenues.

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Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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