Mitsubishi Shipbuilding Co has established a new marine decarbonisation business development group in response to the shipping industry’s transition towards carbon neutrality.

The new organisation will bring together a range of functions, from technology development and market research to the formulation and implementation of business strategies.

The aim is to “utilise the advanced technologies accumulated by the company over its long history of shipbuilding”, to accelerate technological development and new business creation in the marine decarbonisation field, Mitsubishi said.