Mitsubishi Heavy to Expand Commercial Shipyard Capacity with $640M Investment

Project supports government initiative to bolster shipbuilding capacity amid growing demand

The Shimonoseki shipyard, operated by Mitsubishi Heavy Industries, builds commercial vessels like this ferry fueled by liquefied natural gas. (Photo by Kae Suefuji)

TAITO KUROSE, SHOKO KUGAI and YUKA FURUBAYASHI

October 1, 2026 00:04 JST

TOKYO — Mitsubishi Heavy Industries will invest approximately 100 billion yen ($638 million) to increase commercial shipyard capacity by 25% in fiscal 2028, Nikkei reported, positioning the company to capture rising global demand.

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