TOKYO -- A group of Japanese shipbuilders led by Imabari Shipbuilding are committing to invest about 350 billion yen ($2.3 billion) to install large cranes and other facilities in a bid to double the nation's shipbuilding output, Nikkei has learned.
Transportation
Japan's shipbuilders to commit $2bn to double capacity amid China's rise
Imabari and others seek to boost domestic output in step with U.S. cooperation
Large cranes, such as this one at Imabari Shipbuilding's factory in Kagawa prefecture, Japan, are necessary for shipbuilding. (Photo by Kiu Sugano)
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