Sasebo Heavy Industries of Japan announced its plan to reorganize business, on October 25.
Preparing for shrinking newbuilding demand, Sasebo is to change from existing business majored in shipbuilding and marine crankshaft.
Particularly, as overall volume of shipbuilding delivery cut in half, proportion of Ship Building business in total turnover will plummeted from current 75% to 40% in fiscal year of 2014, with turnover reaching JPY 15bn ($187.5m).
Instead the Japanese shipyard plans to reinforce Naval Ship, Ship Repairing and onshore businesses.
With an aim to downsize newbuilding production up to six to seven vessels from currently at 12 in a year, in terms of panamax bulker, the shipbuilder will survive through strengthen competitiveness in energy-efficient medium-sized bulker and cost reduction.
Published : October 29, 2012
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