Imabari Shipbuilding is about to record an important milestone in its long history. The privately owned group, established in 1901, will in November celebrate the opening of Nihon Shipyard, a joint venture with Japan Marine United (JMU).

The joint company will potentially create Japan’s largest shipbuilder and the third-largest in the world. Imabari will hold a 51% stake, while JMU has 49%.