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13 December 2019 The on-line newspaper devoted to the world of transports 03:04 GMT+1



December 2, 2019

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Preliminary agreement for an alliance of capitals and a commercial alliance between the Japanese ship yards Imabari Shipbuilding and JMU

Previewed a final understanding within March

The Japanese ship yards Imabari Shipbuilding Co. and Japan Marine United Corporation (IMU) has signed a preliminary agreement in order to constitute that which has defined an alliance of capitals and a commercial alliance with the objective to strengthen the competitiveness of their activities of shipbuilding that are exposed to a more and more competitive market. The alliance of capitals will translate in the acquisition by Imabari Shipbuilding of common stocks of new issue of the JMU. According to indiscretions, to conclusion of the agreement Imabari Shipbuilding it will stop 30% about of the capital of the JMU. The commercial alliance previews the constitution of a society of combined naval planning in the field of the mercantile ships, with the exclusion of the ships for liquified natural gas, and the improvement of the efficiency of the future systems of production of the two companies.

The two parts preview to sign a final agreement within turn of the year fiscal 2019, than will be concluded next 31 March, that it will define the details of the operation, the new organization and the methods of management of the activities.

Imabari Shipbuilding and Japan Marine United are the two main Japanese navalmeccanici groups. Last year they have realized about 40% of national the naval production, that it has been pairs to 20 million gross capacities in tons, and have acquired 70% of the total of the new orders obtained from the Japanese ship yards, that it is piled to beyond 21 million gross capacities in tons.

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