Japan’s Shipping Industry


Japan’s shipping industry witnessed a big boom in the year 2003-04. According to consolidated financial results announced for the year ending March 2004, Mitsui O.S.K. Lines, Ltd. and Kawasaki Kisen Kaisha, Ltd. (“K” Line) posted record net profits, and Nippon Yusen Kabushiki Kaisha (NYK Line), the largest shipping company in Japan, made substantial gains of more than 200 percent as compared to the previous year.

Then boating industry recorded 257.3 billion yen in 2007 (January to December 2007) (including domestic use and exports) which marked 107% of the previous year. The total value of shipments including boats and marine engines was 248.1 billion yen, which marked 107% of the previous year.

Some of the major ship building companies in Japan are

The Hakodate Dock Co., Ltd. :
The Hakodate Dock Co., Ltd. in 1896, the company was founded in Hakodate viewing scenic Tugaru Straight. For over a century, we have met various needs and demands for shipbuilding, ship repair, bridge construction and industrial machineries as the largest heavy industry company in the north of Japan.

IHI Marine United Inc. :
IHI Marine United Inc. was founded in October 2002, through a merger of the shipbuilding and offshore division of IHI Corporation, and the naval shipbuilding division of Sumitomo Heavy Industries, Ltd.

Imabari Shipbuilding Co., Ltd. :
Imabari Shipbuilding Co., Ltd. was established in 1901 has grown to maintain a top share of the Japanese shipbuilding industry and ranks among the leading international ship builders. Produces bulk carriers, wood chips carrier, special cargo carriers, car carriers and ferries.

Kawasaki Heavy Industries, Ltd. :
Kawasaki Heavy Industries manufactures high-performance LNG and LPG carriers, container ships, bulk carriers and VLCCs, submarines, marine machinery and equipment, including main engines, propulsion systems, steering gears, deck and fishing machinery.. The Company is also involved in the development of offshore structures and research vessels too.

Mitsubishi Heavy Industries, Ltd. :
Mitsui Engineering & Shipbuilding Co., Ltd.: Mitsui Engineering & Shipbuilding (MES). Although nearly one-half of the company’s sales come from building ships, including oil carriers and hull tankers

Namura Shipbuilding Co., Ltd. :
Namura Shipbuilding Co., Ltd. engages in the manufacture and sale of ships, steel structures, and machineries in Japan. The Shipping segment provides oil tankers, bulk carriers, product carriers, container ships, and other ships.

Oshima Shipbuilding Co., Ltd. :
The company was founded on February 7, 1973 and began operations in June 1974. It is a joint venture between Sumitomo Corporation, Sumitomo Heavy Industries, and the Daizo Corporation. The list includes self-unloading bulkers, wood-chip carriers, car carriers, oil tankers, and submersible heavy-lift vessels.

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Article Resource :

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Source : http://www.automobile-articles.com/

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