MHI Concludes Collaborative Agreement in Engineering with OMT, An European Ship Designer
-- Target on Expansion of Licensing Business --

Under the newly agreed collaborative arrangement, MHI will primarily take charge of developing propulsion performance aspects, including hull form design, model testing, and development of energy-saving devices and propellers. OMT will be responsible largely for the conceptual and basic designs based on MHI's hull form designs.

In addition to container ships - a segment in which both MHI and OMT have abundant experience - plans call for collaborative development of bulk carriers and small and medium size liquefied gas carriers. OMT already enjoys a solid reputation within the Chinese market for its bulk carrier designs. Now, with the adoption of hulls, energy-saving devices and propellers developed by MHI, the two partners aim to create designs offering even higher performance.

OMT has spun off from Odense Steel Shipyard Ltd. (OSS), a Danish shipbuilder, in 2010 as an independent company dedicated to ship design. OMT has rights to develop business applying the technologies and knowhow cultivated by OSS during a quarter century. OSS is a group company of A.P. Moller-Maersk A/S, which is renowned as the world's largest operator of container ships. OSS has a vast track record in the construction of container ships for A.P. Moller-Maersk, bulk carriers, roll-on/roll-off (Ro-Ro) ships and tankers.

MHI today is promoting engineering operations as a growth strategy for its Shipbuilding & Ocean Development business, and the new collaborative agreement is part of that initiative. The company aims to use this occasion as a springboard for even more aggressive pursuit of new business opportunities in the future.