Mitsubishi Heavy Industries ups newbuilding forecast
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Mitsubishi Heavy Industries has upped its newbuilding order forecast for the year, although it says interest in new commercial vessels remains weak.
For the financial year ending March 31, 2010, MHI has upped its full order forecast to ¥140bn from ¥120bn previously. The company said the improved forecast reflected the situation of ongoing negotiations.
Although MHI has upped its forecast new orders are much lower than last year. In the first hald of this year the shipbuilder has received six orders for an escort ship and five patrol vessels worth a total of ¥55.1bn, compared to the first half of the previous year when it bagged orders for 16 vessels worth ¥180.5bn.
MHI said interest in the commercial vessels remained weak.
The shipbuilder has an outstanding orderbook of 65 vessels, inclduing 19 car carriers, 14 boxships and eight liquefied petroleum gas carriers.
Operating profits for MHI’s shipbuilding and ocean development divisions for the first six months of the financial year jumped to ¥12.5bn compared to ¥6.8bn a year earlier.
MHI said profits improved as in the first half of last year it posted losses on exchange rates and steel prices. The shipbuilder upped its forecast for full year operating profits from ¥11bn to ¥16bn.
So far this year MHI has delivered five car carriers and two LPG carriers.
For the financial year ending March 31, 2010, MHI has upped its full order forecast to ¥140bn from ¥120bn previously. The company said the improved forecast reflected the situation of ongoing negotiations.
Although MHI has upped its forecast new orders are much lower than last year. In the first hald of this year the shipbuilder has received six orders for an escort ship and five patrol vessels worth a total of ¥55.1bn, compared to the first half of the previous year when it bagged orders for 16 vessels worth ¥180.5bn.
MHI said interest in the commercial vessels remained weak.
The shipbuilder has an outstanding orderbook of 65 vessels, inclduing 19 car carriers, 14 boxships and eight liquefied petroleum gas carriers.
Operating profits for MHI’s shipbuilding and ocean development divisions for the first six months of the financial year jumped to ¥12.5bn compared to ¥6.8bn a year earlier.
MHI said profits improved as in the first half of last year it posted losses on exchange rates and steel prices. The shipbuilder upped its forecast for full year operating profits from ¥11bn to ¥16bn.
So far this year MHI has delivered five car carriers and two LPG carriers.