Mitsui Engineering & Shipbuilding and Tsuneishi Shipbuilding announced that they have reached an agreement to conduct a business alliance for the the design and construction of merchant ships.
This alliance aims to maintain the sustainable growth of the two companies in the shipbuilding business. The two companies will remain independent and will collaborate to enhance design development capabilities and cost competitiveness and increase orders, as well.
Mitsui Engineering & Shipbuilding and Tsuneishi Shipbuilding informed in a joint statement that they will continue the talks in order to agree on specific conditions of this alliance.
Mitsui will leverage Tsuneishi’s overseas shipyards to build ships at low cost. From its part, Tsuneishi will receive help from Mitsui in the design of ships and equipments, as both are trying to remain competitive.