ASIA

KHI quits offshore construction

JAPAN’S Kawasaki Heavy Industries is getting out of the offshore construction business, while its rival South Korean shipbuilder Hyundai Heavy Industries is beefing up its research and development budget.

 Kawasaki hydrogen vessel.

Kawasaki hydrogen vessel.

Both companies, which have been vital contractors in Australia's LNG boom by building facilities such as Ichthys and Prelude, have made major restructuring announcements in recent days.   KHI said...

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