Deals
Mitsubishi Heavy Considers Spinning Off Shipbuilding Operations
- Company has booked about $2 billion in cruise-ship losses
- Mitsubishi Heavy is seeking tie-ups with other shipbuilders
Car Ferry 'Hibiki' launches from the Mitsubishi Heavy Industries Shimonoseki Ship Yard in Nov. 2014.
Photographer: The Asahi Shimbun via Getty ImagThis article is for subscribers only.
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.
A decision on a new structure for the shipbuilding operation may be announced in July, Eiji Matsubara, a spokesman for Mitsubishi Heavy, said by telephone from Tokyo Tuesday. Nikkei reported the plan earlier on Tuesday.