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Which of the following will give shipowners the biggest headache in 2008?

Fuel costs
Crew shortages
Freight rates
Environmental regulations
Maritime security regulations

Marine Log

March 5, 2008

Japanese shipbuilding merger in works?

Nikkei reports that JFE Holdings Inc. has reached an agreement with Hitachi Zosen Corp. to turn their 50-50 joint shipbuilding venture into a JFE subsidiary.

Reportedly, JFE will pay Yen 30 billion to 40 billion ($289-385 million) to up its stake in the joint venture (Universal Shipbuilding) from 50 percent to 85 percent.

That could pave the way for a much predicted merger of Universal Shipbuilding with IHI's shipbuilding operations.

JFE and IHI were in discussions on such a merger back in January.


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