Measures to Resolve Disruption in Aframax Tanker Construction
First written in FY2018-Q2. 5 of 13 entries say "Advanced", first in FY2019-Q1. Latest entry: FY2021.
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- FY2021ReframedAnnual report
「Following the suspension of 佐世保重工業株式会社's newbuild ship business, repair ship resources were substantially strengthened and expanded through the use of its construction dock and the transfer of personnel from the newbuild division.」
The focus of the response shifted from resolving the process disruptions to restructuring the business by reallocating the newbuild dock and personnel to the repair ship business. - FY2021-Q3ReframedAnnual report
「Following the suspension of 佐世保重工業株式会社's newbuild ship business, we will strengthen and expand its repair ship business as the company's core business.」
The focus of the response shifted from efforts to resolve the process disruptions to restructuring the business around the repair ship business after final delivery of vessels already ordered and suspension of the newbuild ship business. - FY2021-Q2MitigatedAnnual report
「The full-scale production of large blocks for 佐世保重工業株式会社 at the company's Imari Works, which began in April this year, contributed to cost rationalization and the stabilization of the company's newbuilding process. Together with Group-wide cost-reduction activities, this led to a substantial year-on-year improvement in the manufacturing cost ratio.」
The newbuild construction process at 佐世保重工業 stabilized through the full-scale launch of large-block production at the Imari facility and cost-reduction initiatives, substantially improving the manufacturing cost ratio. - FY2021-Q1MitigatedAnnual report
「Revenue for the first quarter of the current consolidated cumulative period was ¥20,809 million, down 17.0% year on year, and the operating loss was ¥1,713 million, compared with an operating loss of ¥5,322 million in the same period of the previous year. Manufacturing costs improved substantially year on year as the newbuild construction process at 佐世保重工業株式会社 stabilized.」
The newbuild construction process at 佐世保重工業 stabilized, and manufacturing costs improved substantially year on year. The response to the process disruptions is described as having entered an improvement phase. - FY2020-Q3WorsenedAnnual report
「Progress on the cost rationalization plan was delayed because a large volume of rework arose at the company's Imari facility and because it took time at 佐世保重工業株式会社 to optimize staffing, including personnel at on-site subcontractors, and fundamentally review the production structure.」
Optimizing staffing and fundamentally reviewing the production structure to normalize processes and production took time, and delays in the cost rationalization plan continue. - FY2020-Q2AdvancedAnnual report
「During the first half of the current second-quarter consolidated cumulative period, revenue from the newbuild ship business increased as process disruptions at 佐世保重工業株式会社 improved, but neither the company nor 佐世保重工業株式会社 achieved the construction progress rates planned at the beginning of the period.」
Although revenue increased as process disruptions at 佐世保重工業 improved, the construction progress rate in the initial plan was not achieved, and normalization remains an ongoing issue. - FY2020-Q1AdvancedAnnual report
「Drawing on this valuable experience, we will pursue flexible order-taking activities to develop medium-sized oil tankers into one of the company's core products on an ongoing basis.」
Based on its experience constructing medium-sized oil tankers, the company outlined a policy of developing this vessel type into one of its core products alongside medium-sized bulk carriers, using flexible order-taking activities as the means to do so. - FY2019RestatedAnnual report
「We will continue to address rebuilding the company's operating structure as the Group's top priority and work to improve its earnings structure.」
The company continues to identify its response to the process disruptions and delivery delays at 佐世保重工業 as the Group's top priority. - FY2019-Q3AdvancedAnnual report
「The process disruptions arising from the construction of medium-sized oil tankers at 佐世保重工業株式会社 are subsiding through adjustments to the operating plan and support from the parent company, but we will continue to address them as the Group's top priority. Drawing on this experience, the company is now able to pursue flexible order-taking activities, with medium-sized oil tankers positioned as a core product alongside its traditional medium-sized bulk carriers.」
The response to the process disruptions has taken concrete form through adjustments to the operating plan and support from the parent company, and the company has progressed to a policy of accepting orders for medium-sized oil tankers as a core product alongside medium-sized bulk carriers. - FY2019-Q2AdvancedAnnual report
「The process disruptions arising from the construction of medium-sized oil tankers by 佐世保重工業株式会社 are subsiding through adjustments to the operating plan and support from the parent company, and we will continue to address them as the Group's top priority until they are fully resolved.」
The company explains that the response to the process disruptions has progressed to specific measures, namely adjustments to the operating plan and support from the parent company, and that the disruptions are subsiding. - FY2019-Q1AdvancedAnnual report
「During the first quarter of the current consolidated cumulative period, revenue was ¥28,239 million, down 24.3% year on year. This reflected a substantial downward revision to 佐世保重工業株式会社's planned newbuild production volume to normalize its processes, the fact that most Group companies' revenue came from low-priced vessels, and a decline in large naval vessel repair projects in the repair ship business.」
To normalize 佐世保重工業's processes, the company took specific measures to substantially reduce its planned newbuild production volume. The process disruptions are said to be subsiding. - FY2018ReframedAnnual report
「佐世保重工業株式会社's operating loss of ¥11,846 million accounted for more than half of the consolidated operating loss. The company recognizes that the process disruptions were caused by European shipowners' demands for specifications and quality exceeding expectations, the departure of many employees following several rounds of rationalization in the past, and delays in equipment upgrades. It will use the full strength of the Group to strengthen the company's operating foundation and will seek to improve future earnings by focusing new orders on medium-sized bulk carriers, 佐世保重工業's specialty vessel type.」
The response to the process disruptions has developed from efforts merely to bring them under control into strengthening 佐世保重工業's operating foundation across the Group and shifting the order mix toward its specialty vessel type, medium-sized bulk carriers. - FY2018-Q2First statedAnnual report
「We are working with 佐世保重工業株式会社 with full effort to resolve the process disruptions caused by its Aframax tanker construction.」
For the first time, the company explicitly stated that it and 佐世保重工業 are working to resolve the process disruptions caused by Aframax tanker construction.