Stronger yen, rising competition take wind from the sails of Japanese shipbuilders' shares
Article Abstract:
The Japanese shipbuilding industry received 10.35 million gross tons of new ship orders for 1995, surpassing South Korea's 6.6 million gross tons. Despite the Japanese shipbuilding industry's impressive performance, however, many investment analysts are discouraging investors to place their investment on shipbuilding because of the continued resurgence of the Japanese yen and increasing international competition. The analysts are advising investors to invest in shipbuilding companies that have more diversified product bases.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1995
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Japanese shipbuilders won't cut prices to match rivals
Article Abstract:
Japanese shipbuilders say they would not follow their South Korean counterparts who are cutting prices in order to win more orders. The Japanese shipbuilders say they would refrain from partaking in the price war since their order books are full. According to the Japanese Exporters Association, South Korean shipbuilders obtained orders for 70 ships amounting to 3.9 mil gross tons in the initial five months of 1998, as opposed to Japanese shipbuilders' 57 vessels at 2.6 mil gross tons.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1998
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Daewoo unit sale in doubt
Article Abstract:
The plan of South Korea's Daewoo group to sell its shipbuilding business to a Japanese company has become questionable in view of certain comments by Japanese shipbuilders. Japanese shipbuilders and stock analysts were one in saying that the Japanese shipbuilding industry has no motivation to purchase a Korean shipbuilding company because of the present oversupply situation. Moreover, Japanese shipbuilders are wary of South Korea's very active labor unions.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1999
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