According to industry sources, the Japanese shipbuilding industry has gone from bad to worse this century. The Yokohama plant, such as Sumitomo Shipbuilding, has only received orders for a ship since March last year. The plant has suffered losses for three consecutive years, and Sumitomo is considering closing the plant. The shipbuilding department of Kawasaki Heavy Industries expects shipbuilding revenue this year to be close to zero. The Japan Shipbuilding Industry Association predicts that in the next two to three years, all Japanese shipbuilding companies may not be able to get a new order and face the dilemma of production suspension.

Japan's shipbuilding industry was brilliant in the 1970s, with orders accounting for more than 40% of the global market and employing 140,000 people. However, the time has passed, the current order volume is less than 5%, and the number of employees has dropped below 40,000.

Recently, many Japanese shipbuilding companies are seeking new ways. Due to the rise of the marine economy, the demand for marine development has risen sharply, and new development equipment and ships have become the focus of attention of all countries. The Nagasaki Shipyard of Mitsubishi Heavy Industries recently completed the completion of a high-performance marine survey vessel that uses the most advanced sonar technology to survey the complex terrain of the seabed to discover resources and energy. Mitsubishi has already delivered the ship to a contractor in Norway. Mitsubishi hopes to attract more orders through the ship's service in Northern Europe.

Kawasaki Heavy Industries and Mitsui Shipbuilding, which have already felt the crisis of survival, have to choose to merge and use the technological advantages of both sides to produce marine excavation vessels and oil and gas transmission equipment that are currently in increasing demand. According to industry analysts, the market prospects for future excavation vessels and offshore oil and gas transmission equipment and ships are very impressive. The order volume in the next five years will reach 200 billion US dollars. The Japanese shipbuilding industry must seize this market with its own advanced technology.

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