In the latest collaboration move among Japan’s hard-pressed shipyards two well-known names are forming a business alliance.
Mitsui Engineering & Shipbuilding (MES) and Tsuneishi Shipbuilding will work together, jointly designing and building merchant ships, the pair said in a release on Thursday.
MES hopes to enhance its international competitiveness by making use of Tsuneishi’s overseas shipyards in China and the Philippines to build large vessels at low cost. In return MES will help Tsuneishi with vessel designs and equipment procurement as the pair battle to remain competitive amid intense competition from China and South Korea that has seen many mergers in the Japanese yards scene this century.
