Japan's shipbuilding industry turning corner as orders double

Mitsui Engineering and others ramp up construction with eye on Chinese, Korean rivals

0118N_shipbuilding

Major Japanese shipbuilders swung back into action after historically low orders in 2016.

TOKYO -- Buoyancy appears to be returning to Japan's shipbuilders as order volumes for mainstay merchant vessels rose 150% in 2017, according to data released Wednesday.

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