Japan shipbuilders launch $5.9B drive to double yard output
The public-private program provides ¥311 billion in state grants to modernize docks and counter Korean and Chinese dominance in green vessels.
Japanese shipbuilders deployed capital investment programs on October 26, 2026, to double domestic construction capacity to 18 million gross tons by 2035, backing a government-led push to recapture market share in alternative-fuel vessels.
The blueprint coordinates roughly ¥900 billion ($5.9 billion) in public and private capital spending, according to the Ministry of Land, Infrastructure, Transport and Tourism. The ministry committed up to ¥311 billion in direct grants across eight approved business plans under Japan's Economic Security Promotion Act.
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