Shipbuilding: "Extremely ambitious": Japan's shipyards are to double their capacity
The shipbuilding nation plans to build significantly more merchant and warships again. International partners such as Germany can benefit from this.
Mitsubishi Heavy Industries plans to increase its shipbuilding capacity by 25% by 2028, investing 500 million euros in modern facilities. The move is part of Japan's efforts to regain market share in the industry, which it has lost to China and South Korea over the past decade. The Japanese government aims to double the country's shipbuilding capacity to 18 million gross tons within ten years, potentially increasing its global market share to 20%. This could also benefit German shipbuilders.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
