ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Mitsubishi Heavy to downsize shipbuilding business

Mitsubishi Heavy Industries will cut back on large passenger ship business.

TOKYO -- Mitsubishi Heavy Industries has decided to shrink its shipbuilding business by not taking anymore orders for large passenger ships, sources said.

The downsizing plan comes with new shipbuilding orders declining about 80% so far this year.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more