Japan is set to emulate South Korea and China by establishing a shipbuilding fund. A new company, Japan Ship Investment Facilitation Co (JSIFC) will be formed by 14 Japanese builders and spearheaded by Mitsubishi and Kawasaki Heavy Industries. Six more builders, trading companies and banks will make additional investments from June. JSIFC will establish special purpose companies to order ships from Japanese builders under loans from the state-backed Japan Bank for International Co-operation (JBI....

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