Hanoi: Reports from local newspaper Dau Tu suggest Japan’s Oshima Shipbuilding has pulled out of long held plans to build a yard in Vietnam.
Oshima, renowned for its high quality bulkers, has had plans to build a yard in Khanh Hoa province for many years, but lengthy delays in government approvals are thought to have thwarted the project. Japanese yards have sought cheaper climes to build ships in the past decade, with a number setting up in China and others looking across Southeast Asia including the Philippines. [19/12/13]
