Mitsubishi Heavy forms alliance with Oshima

Mitsubishi Heavy Industries (MHI) has reached a basic agreement with compatriot Japanese yard Oshima Shipbuilding towards the formation of an alliance in the commercial ship business.

“The companies will seek business synergy and target sustainable growth in order to strengthen business competitiveness in the global market, while also respecting mutual independence,” MHI said in a relase

The agreement is a technical alliance focusing on development of new ship designs and technologies, standardization of design and construction, and efficient shared use of tools and equipment.

The alliance follows on from a previous agreement MHI reached at the end of March with other Japanese yards Imabari Shipbuilding and Namura Shipbuilding.

“The new alliance will allow MHI to enhance competitiveness in shipbuilding, focusing on core engineering capabilities and expertise, while ensuring that Japan strengthens its shipbuilding capabilities in the face of a rapidly changing global industry,” MHI concluded.

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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