Sanoyas quits shipbuilding, sells yard to Shin Kurushima

Japanese shipyard consolidation continues at pace with the troubled sector seeing a famous name change hands for less than $10,000. Sanoyas Holdings announced today it will withdraw from the shipbuilding business. At the end of February next year, all shares of subsidiary Sanoyas Shipbuilding will be sold to Shin Kurushima Dockyard for just ¥1m ($9,662). …

splash247