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INCORPORATING

JAPANESE YARDS TO MERGE

Friday, November 29, 2019 

Japanese shipbuilders Imabari Shipbuilding and Japan Marine United have agreed to consider an alliance in a bid to compete with newly merged shipbuilders in China and South Korea.

Imabari, the larger entity, is expected to take a 30% stake in JMU, with the new alliance potentially taking a 10% share of the global shipbuilding market.

In a statement published on their respective websites, the shipbuilders state they “are exposed to an increasingly competitive environment” and an alliance would “strengthen the international competitiveness of both companies' merchant shipping business”.

If the alliance is finalised, Imabari and JMU would establish a joint venture for the design of all merchant vessels other than LNG Carriers and improve the yards’ production processes

Imabari Shipbuilding and JMU aim to finalise the agreement by the close of the year, following necessary approvals and procedures relating to competition law in Japan and overseas 

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