TOKYO -- As its lead in commercial vessels ebbs, Japan's Tsuneishi Shipbuilding is setting out to produce large passenger ships in China, home to one of the world's fastest-growing populations of cruisegoers.
With Mitsubishi Heavy Industries' de facto withdrawal from building cruise ships, the Japanese have all but ceded this business to European names such as Italy's Fincantieri and Germany's Meyer Werft. In bulkers and other commercial vessels, meanwhile, Tsuneishi and its Japan-based peers have endured rising competition from Chinese and South Korean shipbuilders.
