Fukuoka Shipbuilding’s announcement that it has taken over Usuki Shipbuilding consolidates stainless-steel chemical shipbuilding in Japan.

The Kyushu-based builder said it had acquired more than 90% of shares in its near neighbour Usuki this week.

Japan is the largest producer of stainless-steel chemical tankers with Usuki and Fukuoka major builders in the sector. The Japanese market will now be dominated by three main shipbuilders — the Fukuoka Usuki grouping, Kitanihon Shipbuilding and Shinkurushima dock.