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MHI continues to suffer from cruise delays

By Asia Cruise News

<h2 style="margin: 0px; padding: 0px 0px 6px; border: 0px; font-size: 24px; font-stretch: inherit; vertical-align: baseline; line-height: normal; color: rgb(0, 47, 109);">MHI continues to suffer from cruise delays</h2><p style="margin: 0px; padding: 0px 0px 5px; border: 0px; font-size: 14px; font-stretch: inherit; vertical-align: baseline; line-height: normal;">Tokyo: Japanese shipbuilder, Mitsubishi Heavy Industries (MHI), announced that the company’s cruiseship business made a huge loss of $364m in the second quarter of this year due to the construction delay of two luxury cruise ships.</p><p style="margin: 0px; padding: 0px 0px 5px; border: 0px; font-size: 14px; font-stretch: inherit; vertical-align: baseline; line-height: normal;">In November 2011 MHI received an order to build two large-sized cruise ships for Germany’s AIDA Cruises, however, difficulties in construction and design delayed the project, causing a lot of extra expenses.</p><p style="margin: 0px; padding: 0px 0px 5px; border: 0px; font-size: 14px; font-stretch: inherit; vertical-align: baseline; line-height: normal;">The company was forced to revise the first ships construction schedule and delay the delivery date from the first half of 2015 to September 2015, and it has also led to a delay on the second ships work schedule which is expected to be completed in 2016.<br>MHI’s troubled return to cruise shipbuilding has led to speculation that after the AIDA pair it will quit the sector.&nbsp;</p><p style="margin: 0px; padding: 0px 0px 5px; border: 0px; font-size: 14px; font-stretch: inherit; vertical-align: baseline; line-height: normal;"><br></p><p style="margin: 0px; padding: 0px 0px 5px; border: 0px; font-size: 14px; font-stretch: inherit; vertical-align: baseline; line-height: normal;"><br></p><p style="margin: 0px; padding: 0px 0px 5px; border: 0px; font-size: 14px; font-stretch: inherit; vertical-align: baseline; line-height: normal;"><img data-cke-saved-src="http://www.asiacruisenews.com/ckfinder/userfiles/images/AIDAprima_4.JPG" src="http://www.asiacruisenews.com/ckfinder/userfiles/images/AIDAprima_4.JPG" alt="MHI continues to suffer from cruise delays" style="margin: 0px 0px 10px; padding: 0px; border: 0px; font-size: 14px; font-stretch: inherit; vertical-align: baseline; line-height: normal; width: 380px; height: 210px; float: left; overflow: hidden; background-color: rgb(236, 236, 236);"></p><p style="margin: 0px; padding: 0px 0px 5px; border: 0px; font-size: 14px; font-stretch: inherit; vertical-align: baseline; line-height: normal;"><br></p><p style="margin: 0px; padding: 0px 0px 5px; border: 0px; font-size: 14px; font-stretch: inherit; vertical-align: baseline; line-height: normal;"><br></p><p style="margin: 0px; padding: 0px 0px 5px; border: 0px; font-size: 14px; font-stretch: inherit; vertical-align: baseline; line-height: normal;"><br></p><p style="margin: 0px; padding: 0px 0px 5px; border: 0px; font-size: 14px; font-stretch: inherit; vertical-align: baseline; line-height: normal;"><br></p><p style="margin: 0px; padding: 0px 0px 5px; border: 0px; font-size: 14px; font-stretch: inherit; vertical-align: baseline; line-height: normal;"><br></p><p style="margin: 0px; padding: 0px 0px 5px; border: 0px; font-size: 14px; font-stretch: inherit; vertical-align: baseline; line-height: normal;"><br></p><p style="margin: 0px; padding: 0px 0px 5px; border: 0px; font-size: 14px; font-stretch: inherit; vertical-align: baseline; line-height: normal;"><br></p><p style="margin: 0px; padding: 0px 0px 5px; border: 0px; font-size: 14px; font-stretch: inherit; vertical-align: baseline; line-height: normal;"><br></p><p style="margin: 0px; padding: 0px 0px 5px; border: 0px; font-size: 14px; font-stretch: inherit; vertical-align: baseline; line-height: normal;"><br></p><p style="margin: 0px; padding: 0px 0px 5px; border: 0px; font-size: 14px; font-stretch: inherit; vertical-align: baseline; line-height: normal;"><br></p><p style="margin: 0px; padding: 0px 0px 5px; border: 0px; font-size: 14px; font-stretch: inherit; vertical-align: baseline; line-height: normal;"><br></p><div><br></div>
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