MHI Shipbuilding Orders Up in Past Quarter

Press Release
Tuesday, July 31, 2012

MHI announces outline of FY 2012 first 3-month financial results
 ended June 30, 2012 (consolidated).

Highlights from the financial report follow:

Orders received ⇒ Down ¥128.9 billion: Year on Year (YOY) (¥621.3 bn → ¥492.4 bn)

Overall, orders declined from a year ago, reflecting decreases in Power Systems and Machinery & Steel Infrastructure Systems, where orders were strong in the previous fiscal year.

Shipbuilding & Ocean Development Segment

Orders received : Up ¥10.7 billion YoY, although the orders environment for new commercial ships remained difficult, orders increased from a year ago, thanks to the order for a new-type LNG carrier.

Backlog of ship orders: 32 (6 LNG carriers, 3 LPG carriers, 2 cruise ships, 2 pure car carriers, 2 container ships, 2 ferries, 2 seismic vessels and others.

MHI delivered a total of 9 vessels in the quarter, including 3 ferries, 2 pure car carriers, 2 patrol vessels, 1 roll-on/roll-off vessel and 1 ore carrier.

Categories: People & Company News Shipbuilding Finance

Related Stories

ESL Joins World Shipping Council

USTR Implements Port Fee Proposal

Trump to Push Allies to Conform to Chinese Vessel Fee Plans

Current News

Net Feasa Unveils Agentic Control Tower Shipping Container Booking Platform

Panama Canal Vessel Transits Increase to 34 Per Day in April

Egypt's Suez Canal Chief Shares Possible Discounts on Transit Fees

Cavotec Signs $8.99 Million Shore Power Order

Subscribe for Maritime Logistics Professional E‑News