TOKYO -- Japan's Mitsui Engineering & Shipbuilding and Tsuneishi Shipbuilding have agreed to form a business alliance aimed at better competing with their Chinese and South Korean rivals, the two companies announced Thursday.
Business trends
Mitsui Engineering, Tsuneishi Shipbuilding to form tie-up
Jointly run shipyards overseas to battle Chinese and South Korean rivals
A vessel is launched at Mitsui Engineering & Shipbuilding's shipyard in Tamano, western Japan.
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