Japan has approved up to ¥213.1bn for shipyard projects led by Imabari Shipbuilding, Japan Marine United and Namura Shipbuilding as it moves to expand domestic construction capacity.
Namura Shipbuilding is advancing plans for a new large construction dock as Japan targets 18 million gt of annual shipbuilding capacity by 2035.
Japanese shipyards have secured enough export orders to keep berths occupied through 2029, with bulk carriers leading the order book and alternative-fuel vessel work continuing.
Japan is backing a shipbuilding recovery plan through funding, automation and consolidation, targeting annual output of 18 million gross tons by 2035.
Japan is moving to resume LNG carrier construction after seven years, supported by shipbuilder consolidation and a government-backed capacity expansion plan.
ORIX-backed Sakura Ocean forms a Japan-based shipowning platform and plans three domestic newbuilds—one each at Imabari, Tsuneishi, and Onomichi—for delivery by 2030.
Japan is committing ¥350 billion over 10 years to revitalise shipbuilding, aiming for 18m GT capacity and a 20% global share by 2035 through state funding, coordinated industry support and US cooperation.
Imabari Shipbuilding cleared antitrust review to buy an additional 30% of JMU from JFE Holdings and IHI, lifting its stake to 60% with closing set for 5 January 2026.
Shimanami Shipyard, a subsidiary of Imabari Shipbuilding, will build 10 speculative bulk carriers. Additionally, the company has secured orders for 10 more ships, including Aframax tankers.
