Japan: IHI Marine United, Universal Shipbuilding Merger Creates Giant

A new company Japan Marine United Corporation (JMU) has been established through management integration of Universal Shipbuilding and IHI Marine United.

The new company will be one of the world’s largest shipbuilders, with a combined $287.3m of capital.

JMU was created, on Jan. 1st, by integration of two companies, Universal Shipbuilding and IHIMU, which were the leaders in the shipbuilding industry in Japan. Taking full advantage of the strengths of those two companies in the areas of design/development and outstanding technical capabilities, developed as a result of an extensive record of actual shipbuilding work, JMU aims to establish its position as the top company in the industry and realize a strategy for continuing growth.

Shipbuilding Tribune Staff,  January 4, 2013