Japan considers merging major yards

The Japanese government will respond to increasing competition from Chinese and South Korean rivals by merging 15 of the country's shipyards, reports Japanese media.

Photo: Issei Kato/Reuters/Ritzau Scanpix

Japan considers merging 15 shipyards to create one major player, reports Japanese media Nikkei.

The plan is named All Japan Shipbuilding. According to the media, the work is headed by the Japanese transport ministry, and the ministry has allegedly already been in talks with several yards.

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