Naikai Zosen Corporation

Japan's Ministry of Land, Infrastructure, Transport and Tourism announced on the 11th that, as the second round of measures to revive the domestic shipbuilding industry, it has decided to provide up to 98 billion yen in support for capital investment plans by five companies: Oshima Shipbuilding, Kawasaki Heavy Industries, Shin Kurushima Dockyard, Naikai Zosen, and Mitsubishi Shipbuilding. The aid will be disbursed through a 350 billion yen shipbuilding industry revival fund. The subsidies come to about 6.1 billion yen for Oshima Shipbuilding, about 15.6 billion yen for Kawasaki Heavy Industries, about 32 billion yen for the Shin Kurushima Dockyard group, about 4.3 billion yen for Naikai Zosen, and about 40 billion yen for Mitsubishi Shipbuilding. Combined with the first round of three projects, including support already decided for Imabari Shipbuilding, public and private investment over the next ten years will reach roughly 900 billion yen, of which up to about 311 billion yen will be provided as support.