Kawasaki Heavy Industries Moves Merchant Ship Construction to China

Japan’s Kawasaki Heavy Industries (KHI) is to shift merchant ship construction from Japan to China and reduce the scale of its domestic business by 30% while trying to establish itself as a specialist for gas carriers and gas-powered vessels.

Shareholders Give Nod to HHI’s Split-Up

Shareholders of the South Korean shipbuilder Hyundai Heavy Industries (HHI) approved on Monday the firm’s plan to reorganize its businesses into separate companies with the aim of improving its financial status.

MOL Reshuffles Organization Again

Starting from April 1, 2017, Japanese shipping company Mitsui O.S.K. Lines (MOL) plans to restructure its organization again with an aim of boosting the firm’s efficiency.

Two Banks Deny Support to Marenave Schiffahrts

Two financing banks have notified the German-based shipping trust Marenave Schiffahrts that its restructuring concept, which has been negotiated so far, will not be supported.