Tokyo puts $1.36bn behind first shipyard revival projects

Japan has approved the first projects under its new shipbuilding revival fund, committing up to ¥213.1bn ($1.36bn) to three yard groups as Tokyo moves from policy pledges to large-scale capacity investment. The Ministry of Land, Infrastructure, Transport and Tourism has approved plans led by Imabari Shipbuilding, Japan Marine United and Namura Shipbuilding covering the fiscal … Read full article →