Is the Japanese shipbuilding industry in running a comeback?

WWith the focus of the last few years is the revival of the Chinese shipbuilding industry and Korea’s response to it, Japan has seen its place among reduced leading ship -making countries. However, this can be determined for shifts faster than later. In a recent weekly report, the Xclusiv ship said that “Japan is considering the courageous steps to revive the dominant shipbuilding industry, including the creation of a national shipyard supported by the government, as part of a broad plan to rebuild democracy that is restored by Liberal Democraties, shipbuilding facilities and repairs and offering incentives to attract public and private investments in infrastructure of svaded handyels”.

Source: Xclusiv

According to Xclusiv, “In recent years, the Japanese shipbuilding market share has declined sharply, mostly driven by strong price competition from Chinese and South Korean shipyards. To understand large transformations in the global shipbuilding industry – marked by an increase

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Source: Xclusiv

“Despite the Steep Decline in Global Competitiveness, Japan’s Shipbuilding Sector is undergoing a leadership reset. Yukito Higaki, President of Imabari Shipbuilding – Japan’s Largest Commercial Yard – Higst (Jsia). This marks the first time is help by someone from a purely commercial yard rather than a diversified industrial conglomerate like mitsubishi or ihi.
Nikos Roussanoglou, Hellenic Shipping News worldwide