Mitsubishi Heavy Industries (MHI) has made a detailed explanation of the reasons behind huge losses that the company has booked on building two state of the art cruiseships for Aida Cruises.

Company president Shunichi Miyanaga took time out of a presentation on MHI’s midterm business plan, made available to the public on video, to provide a lengthy explanation of what exactly went wrong with the cruiseship project.

MHI