Shipbuilders strive to stay afloat / Japanese companies cut costs, boost technical capabilities to battle foreign rivals

Once No. 1 in the world, this nation's shipbuilding industry is struggling to survive as Japanese companies are overwhelmed by Chinese and South Korean firms that are more cost-competitive.
Nevertheless, Japanese companies are making great efforts to endure and rehabilitate themselves. The shipyard owned by Mitsubishi Heavy Industries Ltd. in Nagasaki, for example, is cutting costs related to equipment and procedures.
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Source: Daily Yomiuri Online