TOKYO, Oct 9 (Reuters) – Japan’s Mitsubishi Heavy Industries is planning to stop taking new orders for large passenger ships, downsizing its shipbuilding operations due to a slump in orders, the Nikkei newspaper reported on Sunday. The plans by Japan’s fourth-largest shipbuilder come as new shipbuilding orders have declined 80 percent so far this year, […]
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By Naomi Tajitsu and Keith Wallis TOKYO/SINGAPORE, Oct 7 (Reuters) – Nippon Yusen, Japan’s biggest shipper by sales, warned it would book a $1.9 billion hit to first-half income, after the industry’s deepening slump forced it to wri...
(Bloomberg) — Mitsui Engineering & Shipbuilding Co. surged to 5 1/2-year high on a Nikkei report it plans to hold merger talks with Kawasaki Heavy Industries Ltd. to create Japan’s [...]
TOKYO (Nikkei)–Mitsubishi Heavy Industries Ltd. (7011.TO) will unveil by 2015 a natural-gas-powered vessel engine that emits 30% less carbon dioxide than conventional models, the Nikkei reports in its Nov. 26 [...]
TOKYO — Mitsubishi Heavy Industries Ltd. dismissed a local newspaper report Wednesday that it aims to buy a controlling share in a shipbuilding unit of India’s Larsen & Toubro Ltd. [...]