Japanese shipbuilders continue to collaborate to stay competitive amid fierce competition from rivals in East Asia.
Tsuneishi Shipbuilding has signed a business cooperation agreement with Mitsui E&S Shipbuilding to work on the design and building of commercial ships. The deal also sees the two famous shipbuilders join forces on procurement as well as using each other’s yards both at home and overseas. Tsuneishi has three overseas yards in the Philippines, China, and Paraguay.
Japan was the largest shipbuilding nation in the world through to the start of this century at which point it was surpassed by South Korea and then China. Its biggest names have merged repeatedly and other yards have sought cooperation agreements between themselves just like the Mitsui and Tsuneishi deal.