NKK, Hitachi Zosen Consider Shipbuilding Merger

NKK Corp., a major Japanese steelmaker and shipbuilder, and Hitachi Zosen Corp., another major Japanese shipbuilder, will study the feasibility of cooperating in shipbuilding to strengthen competitiveness in a tough global market. The two companies will consider cooperating in sales, design, procurement and manufacturing, they said.

In March, NKK said it was considering an alliance with Hitachi Zosen to try to revive its flagging shipbuilding operations.