Shipbuilding Revival Fund Supply Assurance Plan Certification
Overview
On September 11, 2026, the Ministry of Land, Infrastructure, Transport and Tourism newly certified five supply assurance plans for hulls under the Economic Security Promotion Act. Including the three plans certified on September 4, the total reached eight. Together, the eight plans represent public-private investment on the scale of 900 billion yen, with support of up to approximately 311 billion yen. The Shipbuilding Revival Fund will support labor-saving and automated equipment, dock expansions, crane installations, and other measures, with the goal of doubling construction volume.
Key points
- Five new supply assurance plans for hulls were certified.
- With this certification, the total number of certified plans reached eight.
- The eight plans represent total public-private investment on the scale of 900 billion yen, with support of up to approximately 311 billion yen.
- The Shipbuilding Revival Fund will support large-scale investment and aim to double construction volume.
Overview
Surrounded by the sea on all four sides, Japan depends on trade involving the maritime transport of goods such as energy and food. The original text positions the stable supply of vessels as essential to people’s lives and economic activity, and presents certification of supply assurance plans through the Shipbuilding Revival Fund as a measure to fundamentally strengthen shipbuilding capacity under the Economic Security Promotion Act.
Impact
With this certification, the total number of certified plans reached eight, including the three plans certified on September 4. The Ministry of Land, Infrastructure, Transport and Tourism will continue certifying plans in sequence and promoting the fundamental strengthening of shipbuilding capacity.
Details
The Shipbuilding Revival Fund will support large-scale investment, including the development of labor-saving and automated equipment, dock expansions, and crane installations, to achieve the goal of doubling construction volume set out in the Shipbuilding Revival Roadmap and the public-private investment roadmap in the Japan Growth Strategy, approved by the Cabinet on July 21, 2026.
The five applicants certified this time and their maximum subsidies for fiscal years 2026–2034 are approximately 6.1 billion yen for Oshima Shipbuilding Co., Ltd.; approximately 15.6 billion yen for Kawasaki Heavy Industries, Ltd.; approximately 32 billion yen in total for the group comprising Shin Kurushima Dock Co., Ltd., Shin Kurushima Toyohashi Shipbuilding Co., Ltd., Shin Kurushima Kōchi Heavy Industries Co., Ltd., and Shin Kurushima Sanoyas Shipbuilding Co., Ltd.; approximately 4.3 billion yen for Naikai Zōsen Corporation; and approximately 40 billion yen for Mitsubishi Shipbuilding Co., Ltd.