Hiroshima-based shipbuilding corporation Tsuneishi Holdings is planning to focus on bulk carriers in a bid to out-win its competitors.
Currently, the corporation has a hold over approximately 30 percent of the Panamax bulk carriers market, and made a profit of US$15 million in 2007. President of Tsuneishi Holdings, Katsushige Kambara, was quoted as saying: "Unlike major shipbuilders we do not have extra resources to build different types of carriers. It is best for us to focus on bulk carriers to take advantage of our strength." With factories already established in the Philippines and China, the corporation also plans to strengthen its human resource development capabilities overseas by employing more local engineers. Kambara says by in the face of current economic difficulties, employing non-Japanese nationals it will help Tsuneishi to cut labour costs by two thirds.
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