Japan’s shipbuilders ramping up investment to double output

Japanese shipbuilders are stepping up capital investment in shipyards across the country as part of efforts to meet the government’s target of doubling domestic shipbuilding output, with the overall amount on track to exceed ¥1 trillion ($6.4 billion).

A total of ¥900 billion in public- and private-sector investments have already been decided, including for the introduction of large cranes and the restoration of a dock damaged by an earthquake.

Shipbuilders are eager to invest. At some shipyards, output is expected to more than double.

Imabari Shipbuilding, Japan’s largest shipbuilder, plans to introduce jib cranes capable of lifting heavy loads and robots to increase steel plate-welding capacity at facilities including its headquarters in the city of Marugame, Kagawa Prefecture, and its Saijo Shipyard in the city of Saijo, Ehime Prefecture.

This story was originally published by Hellenic Shipping News. Read the full story at Hellenic Shipping News →