Japan Ship Investment Facilitation Co., a finance consultancy formed by the nation's shipbuilders, said it may help the yards win ¥100 billion in orders in three years by using government-backed funding.
JSIF is in talks with more than 10 yards to facilitate sales of ships to special-purpose companies it will help create, President Shinobu Kawato said Wednesday in Tokyo. The vessels will then be chartered to overseas customers for 10 to 12 years, he said.
Formed in April by a group of 21 Japanese shipyards, JSIF is part of the nation's efforts to boost sales as competition from South Korea and China, a stronger yen and lack of funding curtail deals.
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.