Kawasaki Heavy Industry is to achieve up to JPY 450bn ($4.8bn) of annual revenue, on a consolidated basis, by 2020, from its ships and offshore divisions.
To meet the target, the Japanese conglomerate plans to promote 'GOOD Strategy', which aims substantial growths in four segments - gas carriers, offshore, overseas business and defense. Also, it is in process of R&D in various sectors, including new LNG carrier, dual-fuel propulsion engine, LNG-propelled carrier, offshore supply vessel, etc., as well as it will seek to expand local business in foreign countries.
During April 2012-March 2013, its ship and offshore divisions are expected to win a total of seven newbuilding orders worth JPY 72bn, including two LNG carriers, two LPG carriers, two handymax bulkers and one submarine.
Kawasaki announced that currently its Sakaide Work has secured works up to early 2015, which is predicted to add up more, while Kobe Works plans to book new bulkers with delivery in 2013 and offshore vessels slated for 2014. If Kobe's schedule is empty, it would supply blocks to Sakaide.
Joint venture shipyard with COSCO, NACKS and Dalian-based JV DACKS filled up their schedules up to October 2014 and May 2015, respectively.
Also, Kawasaki revealed its plans to make specialized shipyards, for instance, Sakaide will majorly build gas carriers and Kobe will take charge in eco-design bulkers, offshore vessels, warships, etc.
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