MHI Reaches Basic Agreements with Domestic Shipbuilders on Forming Alliances in Commercial Ship Operations
-- Initiative Aimed at Strengthening Competiveness in Global Markets --

The newly completed basic agreements cover a variety of core issues, including: development of new ship designs and innovative technologies, sharing of designs and workforce, standardization of engineering tools and fitting equipment, and flexible application of each partner’s construction capabilities. It is also expected that separate contracts will be concluded between MHI and each partner, stipulating how the alliance will be specifically applied to actual business operations.

Through the conclusion of the new alliances, MHI is looking to enhance business competitiveness around its core engineering strengths cultivated over many years, particularly in the areas of energy-saving and environmental technology. In the process, the Company aims to further boost the presence of Japanese shipbuilders in the dramatically changing global shipbuilding industry.