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


Interview
03 August 2026

Africa export finance fires on all cylinders with Citi’s...

Richard Hodder, head of export finance at Citi, outlines Citi’s Africa export finance strategy, discusses the evolution of ECA shopping lines in Europe and changes at US Exim....

Perspective
07 August 2026

Asia export finance: More grey than green

Asia’s export finance market is open and institutionally committed — but quieter on volume, stricter on content, and leaning on LNG and strategic supply chains rather than a...