Kawasaki, Mitsui To Cooperate On Shipbuilding

Kawasaki Heavy Industries Ltd. and Mitsui Engineering & Shipbuilding Co Ltd. apparently have agreed to cooperate widely in shipbuilding to enhance their competitiveness against South Korean shipyards. The two major Japanese shipbuilders will tie up on design, material procurement and production, they said in a statement. The companies will create a system to jointly utilize advanced technologies and their work forces, they said. They aim to strengthen competitiveness by cutting costs and improving efficiency.