Imabari buys into Hitachi Zosen’s engine business

In the latest chapter of consolidation in the Japanese ship construction sector, the nation’s top yard and one of its largest marine engine manufacturers are joining forces.

Hitachi Zosen has announced plans to spin off its marine engine business and sell a 35% stake in the new company to Imabari Shipbuilding.

The vertical integration deal is set to go through next April with no new name for the spin-off revealed yet.

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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