logo
Kawasaki Heavy, peers join to produce liquefied hydrogen carriers

Kawasaki Heavy, peers join to produce liquefied hydrogen carriers

Nikkei Asiaa day ago

TOKYO -- Kawasaki Heavy Industries and two other major Japanese shipbuilders will collaborate to mass-produce liquefied hydrogen carriers, leveraging Kawasaki's technology that produced the first such vessel in the world, Nikkei has learned.
Imabari Shipbuilding and Japan Marine United, Japan's largest and second-largest shipbuilders, respectively, will handle mass production. Specifics of the partnership are still being discussed, but Kawasaki will likely manufacture the liquefied hydrogen tank -- the core part of the ship -- and supply it to Imabari and JMU.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Japan Factory Declines Slow in May but Tariff Worries Persist, PMI Shows
Japan Factory Declines Slow in May but Tariff Worries Persist, PMI Shows

Yomiuri Shimbun

time20 minutes ago

  • Yomiuri Shimbun

Japan Factory Declines Slow in May but Tariff Worries Persist, PMI Shows

Reuters A worker walks near a factory at the Keihin industrial zone in Kawasaki, Japan, March 8, 2017. TOKYO, June 2 (Reuters) – Japan's factory activity shrank at the slowest pace in five months in May as the decline in new orders eased, but worries over U.S. tariffs have dampened the recovery from an almost year-long contraction, a private-sector survey showed on Monday. The final au Jibun Bank Japan Manufacturing Purchasing Managers' Index (PMI) rose to 49.4 in May from 48.7 in April, marking the 11th consecutive month of staying below the 50.0-line that indicates contraction. Still, the reading was higher than the flash figure of 49.0 and the highest so far this year. 'Manufacturing conditions in Japan moved closer to stabilization in May, according to latest PMI data, with companies signaling a softer decline in sales and improved jobs growth,' said Annabel Fiddes, Economics Associate Director at S&P Global Market Intelligence, which compiled the survey. Among sub-indexes, new orders fell for the 24th straight month, with manufacturers citing U.S. tariffs and increased client hesitancy as factors behind subdued demand conditions. Factory output also contracted for a ninth consecutive month, at a quicker pace than in April, the survey showed. To mitigate the impact of the U.S. tariffs on cars and other manufacturing sectors, which are the backbone of the Japanese economy, Tokyo has held four rounds of trade talks with Washington and plans a fiscal package to support households and businesses. In a positive sign, input cost inflation eased to a 14-month low in May, while output price inflation slowed to the softest in nearly four years. Employment increased for the sixth month in a row as firms filled vacancies and prepared for anticipated production increases, according to the survey. Business confidence on future output strengthened from April's near five-year low, with firms citing expectations of stronger market demand particularly in the semiconductor industry. However, some expressed concerns over U.S. tariffs, inflation and Japan's declining population as potential headwinds to growth, the survey showed.

Japan's Nikkei Stock Average Falls on Worries about US-China Trade Tension, Stronger Yen
Japan's Nikkei Stock Average Falls on Worries about US-China Trade Tension, Stronger Yen

Yomiuri Shimbun

time20 minutes ago

  • Yomiuri Shimbun

Japan's Nikkei Stock Average Falls on Worries about US-China Trade Tension, Stronger Yen

Yomiuri Shimbun file photo The Tokyo Stock Exchange TOKYO, June 2 (Reuters) – Japan's Nikkei share average fell on Monday, dragged lower by worries over trade tensions between the U.S. and China, and a stronger yen, which hurt automakers. As of 0204 GMT, the Nikkei dropped 1.4% at 37,428.14 and the broader Topix slipped 1.02% to 2773. 'Investors were worried about rising uncertainties about trade issues,' said Shoichi Arisawa, general manager of investment research at IwaiCosmo Securities. 'Optimism over the tariff policy, which pushed the Nikkei over the psychologically important level of 38,000 last week, has vanished.' U.S. President Donald Trump on Friday accused China of breaching a trade agreement with the U.S. and issued a new veiled threat to get tougher with Beijing. Trump later said he would speak to China's President Xi Jinping and hopefully work out their differences on trade and tariffs. The yen strengthened on Monday, following the declines of U.S. Treasury yields on Friday, which also weighed on Japanese stocks, said Arisawa. The yen rose 0.37% to 143.5 against the U.S. dollar. A stronger yen typically weighs on exporter shares by reducing the value of overseas earnings when converted back into Japanese currency. 'One market-moving cue would be the G7 leaders' summit to be held in Canada later this month, where we may see the fate of trade talks between Japan and the U.S.,' said Arisawa. Automakers fell, with Toyota Motor and Honda Motor down 2.49% and 2.11%, respectively. Chip-related shares fell, with Advantest and Tokyo Electron slipping 3.57% and 2%, respectively. All but three of the Tokyo Stock Exchange's 33 industry sub-indexes fell, with the auto sector and tire makers losing 1.95% and 2.38%, respectively, to become the worst performers. Sumitomo Realty & Development was up 1.5%, after jumping as much as 7% as a government filing showed an activist Elliott International took a 2.99% stake in the property developer.

The Mainichi News Quiz Answer for June 2
The Mainichi News Quiz Answer for June 2

The Mainichi

timean hour ago

  • The Mainichi

The Mainichi News Quiz Answer for June 2

What percentage of new hires surveyed at Japanese companies said they intended to stay at their current firm until retirement? A) 28.3% B) 36.9% C) 42.0% D) 62.4% Correct Answer: B) 36.9% According to a recent survey by NCB Research & Consulting, 36.9% of new hires at Japanese companies said they planned to stay with their current firms until retirement -- an 8.6 percentage point rise from the previous year. These results reflect an increasing preference for job stability among young workers, despite recent trends of early resignations and switching jobs among younger people.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store