Japan is currently exploring the possibilities to integrate 15 major shipyards in the country under a so-called All Japan Shipbuilding merger plan, following similar steps by neighbouring shipbuilding rival countries China and South Korea, local financial newswire Nikkei is reporting.
The merger plan comes after Japan’s two largest shipbuilders – Imabari Shipbuilding and Japan Marine United (JMU) – declared in December they would form an alliance and enter into a capital tie-up.
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