News
19 February 2024

Sumitomo Heavy Industries to leave commercial shipbuilding industry

In:
Transport
Region:
Asia-Pacific

Historic Japanese shipbuilding company Sumitomo Heavy Industries Marine & Engineering is pulling out of the industry after more than 125 years, citing a “deteriorating environment” for the business amid rising material costs and volatile ship prices.SHIME, which mainly focussed on...

Exclusive subscriber content…

If you are a TXF subscriber, please login to continue reading

Login

Not yet a subscriber? Join us today to continue accessing content without any restrictions

View our subscription options

Or to request access to TXF Intelligence contact us

Request Access

You might also like


Perspective
11 December 2025

Sizewell C: DFI/ECA collaboration for new nuclear

New nuclear’s construction risk and development timelines have made it difficult to bank – until now. The RAB revenue model means that Sizewell C’s funding package includes an...

Interview
19 December 2025

Keynote: UKEF’s CEO Reid on maintaining focus and...

Tim Reid, CEO of UK Export Finance (UKEF) focuses on what’s changed, and what’s stayed the same against a backdrop of uncertainty for exporters. Defence, cyber, SMEs,...