TOKYO, Oct 9 (Reuters)– Japan’s Mitsubishi Heavy Industries is preparing to quit taking brand-new orders for huge traveler ships, downsizing its shipbuilding procedures because of a depression in orders, the Nikkei paper reported on Sunday.

The strategies by Japan’s fourth-largest shipbuilder come as brand-new shipbuilding orders have actually decreased 80 percent up until now this year, the Nikkei stated. Citing unknown resources, it stated the business was taking into consideration splitting off its preparation as well as style department as well as sharing shipyards with various other business.

A spokesperson for Mitsubishi Heavy, which likewise constructs airplane as well as support devices, stated the record was not based upon details supplied by the business as well as decreased more remark.

Mitsubishi Heavy took a 103.9 billion yen ($ 1.01 billion) loss on its cruise liner building and construction procedures in the year finished March, having actually postponed the distribution of a cruise liner generated for Carnival Corp by greater than a year.

The Nikkei stated Mitsubishi Heavy was preparing to minimize threats in its shipbuilding procedures by concentrating on developing smaller sized ships, which have easier requirements. ($ 1 = 102.9000 yen) (Reporting by Naomi Tajitsu; Editing by Paul Tait)

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