Mitsubishi Heavy considers spinning off shipbuilding operations

Japanese shipbuilder Mitsubishi Heavy now follows in Hyundai Heavy Industries' footsteps as the group weighs spinning off shipbuilding operations and plans new partnerships to combat weak demand for vessels in ailing shipping sector.

South Korea's Daewoo Shipbuilding & Marine Engineering, the world's biggest shipbuilder. | Photo: Thorbjørn Hansen

BT CHRIS COOPER | KIYOTAKA MATSUDA, BLOOMBERG

Mitsubishi Heavy Industries Ltd. is considering spinning off its shipbuilding business and planning local partnerships as weak demand for vessels prompts companies in the industry to reorganize their operations.

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