The Japanese government may be considering a wide-ranging merger of shipbuilders, following an alliance involving Imabari Shipbuilding and JFE Holdings. In the short-term that may improve the financial viability of the sector in the aftermath of the coronavirus outbreak. It’s also a longer term response to consolidation in the sector that has seen the merger of DSME and Hyundai Heavy in South Korea and a wide ranging restructuring in China. Conditions in Japan, expressed as shipyards’ exports, have improved recently with an 8.9% year over year rise in exports in the first two months of t...
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