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Business deals

Mitsui E&S seeks shipbuilding tie-up with Mitsubishi Heavy

Competition overseas forces the company to cross traditional zaibatsu lines

Mitsui E&S plans joint bids with Mitsubishi Heavy Industries to build combat ships for the Japan Maritime Self-Defense Force, sources say.   © Reuters

TOKYO -- Ailing shipbuilder Mitsui E&S Holdings has reached out to peer Mitsubishi Heavy Industries about forming a tie-up in light of a massive loss that has necessitated a business restructuring, sources close to both companies told Nikkei.

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