Arrow Artboard Created with Sketch. Artboard Created with Sketch. Title Chevron Title Chevron Icon Facebook Icon Linkedin Icon Mail Contact Path Layer Icon Mail Positive Arrow Icon Print Business Japan's shipbuilders in hot water as orders dry up Workers at the Kure Shipyard of Japan Marine United are busy working through the company's backlog of ship orders.
YUTA TAKAGI, Nikkei staff writer July 14, 2016 19:00 JST | Japan
TOKYO -- Japan's shipbuilding industry is headed for a slump that may prove worse than the one caused by the 2008 global financial crisis.
The country's shipyards saw new orders for export ships plunge 80% on the year during the first half of 2016, the worst decline since the autumn of 2008.
Take your reading anywhere with offline reading functions Never miss a story with breaking news alerts Customize your reading experience
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
By continuing to browse this website, you accept cookies which are used for several reasons such as personalizing content/ads and analyzing how this website is used. Please review our
to learn how you can update your cookie settings.
Accept & Continue