Japanese shipyards join forces to up climate ambitions

Japanese shipbuilder Tsuneishi Shipbuilding acquires 49 percent of competitor Mitsui E&S Shipbuilding. The aim of the transaction is to enable the joint firm to speed up development of next-generation ships using alternative fuels.

Photo: AET

Competing Japanese shipyards Tsuneishi Shipbuilding and Mitsui E&S Shipbuilding form a close collaboration in an effort to develop the next generation of vessels sailing on alternative fuels.

According to an announcement, Tsuneishi Shipbuilding will acquire 49 percent of competitor Mitsui E&S Shipbuilding in October this year, pending regulatory approval.

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