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Business

No more big cruise ships for Mitsubishi Heavy

This passenger ship, built for a U.S. customer, ended up costing Mitsubishi Heavy billions of dollars in losses.

TOKYO -- Mitsubishi Heavy Industries has made it official -- it will stop taking new orders for large passenger ships.

Huge losses suffered by its cruise ship division have forced Mitsubishi Heavy to make deep cuts in its sacred shipbuilding business.

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