Imabari and JMU create Nihon Shipyard

Imabari Shipbuilding and Japan Marine United (JMU), Japan’s two largest shipbuilders, have given details of their new joint venture company.

Nihon Shipyard Co will start operating on October 1 with Imabari holding a 51% stake and JMU 49%. It will handle all commercial ships excluding liquefied natural gas carriers.

At a press conference on Friday, Imabari president Yukito Higaki said that the company has no plans to merge with JMU.

The Imabari/JMU capital tie-up comes as news emerges of a far greater shipyard collaboration. Splash reported on Friday that the Japanese government is currently exploring the possibilities to integrate 15 major shipyards in the country under a so-called All Japan Shipbuilding merger plan, following similar steps by neighbouring shipbuilding rival countries China and South Korea.

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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