Japan: Sanuki Shipbuilding & Iron Works, a Kagawa-based shipbuilder specialising in coastal and nearseas vessels, has filed a petition for the second time in five years with the Takamatsu District Court for the application of the Civil Rehabilitation Law. Tokyo Shoko Research estimated its liabilities at US$50.2 million.
According to the Kaiji Press, Sanuki is the third Japanese yard to go under in 2009, following Kanasashi Heavy Industries in April and Onishigumi Zosen in July.
With two docks and eight slipways at its two factories, Sanuki has a backlog of orders for seven 10,000DWT cargo ships and six 7,000DWT cargo ships for delivery to owners in Japan and overseas.
Tracey Jia
