Oshima Takes Over Koyagi Plan

Credits: Kinsey/ Unsplash

Japan’s Mitsubishi Heavy Industries, Ltd. (MHI) has fully transferred the new shipbuilding area of the Koyagi Plant at Nagasaki Shipyard & Machinery Works to compatriot Oshima Shipbuilding, says an article published on Offshore-energy.

Largest shipbuilding plants

The transfer of dock and quay facilities was completed on December 27 in line with the agreement signed in March 2021.

Mitsubishi agreed to sell one of its largest shipbuilding plants to Oshima as part of its efforts to boost its liquidity at a time when Japanese shipbuilders face severe competition from South Korean and Chinese shipbuilders for global orders.

Maritime logistics

“Going forward, MHI Group will continue to maintain its comparative advantage by concentrating its management resources on shipbuilding and marine engineering that will increase added value, aiming to contribute to further develop maritime logistics and the reduce environmental impact on a global scale, for the Company to achieve sustainable business development,” MHI said.

Company’s business portfolio

Oshima Shipbuilding aims to be one of the world’s top bulker shipyards and the company accounts for 25 percent of bulk carrier production in Japan.

The construction of dual-fuel bulkers that can run on LNG is also included in the company’s business portfolio.

Compatriot shipping

Last month, Oshima announced that it has reached a deal with compatriot shipping company NYK for the construction of two LNG-powered large coal carriers. The 75,000 DWT bulkers will measure 235 meters in length, with a beam of 38 meters.

The ships are scheduled for delivery in 2025. The order is yet to be finalized.

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Source: Offshore-energy