Hitachi Zosen Corp has posted a JPY5.8bn ($51.73m) consolidated loss in the latest financial quarter to the end of June.

Sales were also down 4% at JPY 71.0bn compared with JPY 74.0bn in the same period a year earlier.

The company’s shipbuilding business now comprises a shareholding in Japan Marine United, one of the country’s big three shipbuilding powerhouses.Its