<div><span style="color: rgb(0, 0, 0); font-family: Arial,sans-serif; font-size: 12pt;">Dear Sirs,</span></div><div><br></div><div><span style="color: rgb(0, 0, 0); font-family: Arial,sans-serif; font-size: 12pt;">I prepared to Japan Shipbuilding Industry news today as follows:</span><br><span style="color: rgb(0, 0, 0); font-family: Arial,sans-serif; font-size: 12pt;">I expect it to be helpful to your business.</span></div><div><br></div><div><span style="color: rgb(0, 0, 0); font-family: Arial,sans-serif; font-size: 12pt;">A consultative body of the Ministry of Land, Infrastructure, Transport and Tourism (MLTT) of Japan submitted 'a plan to expand export in shipbuilding industry through productivity revolution of maritime business (i-Shipping)' to the minister of Land, Infrastructure, transpot and Tourism early this month.</span></div><div><br></div><div><span style="color: rgb(0, 0, 0); font-family: Arial,sans-serif; font-size: 12pt;">The ministry plans to carry out the plan as soon as possible. Details are as in the following.</span></div><div><br></div><div><span style="color: rgb(0, 0, 0); font-family: Arial,sans-serif; font-size: 12pt;">* Concentration on increase of productivity : Japanese shipbuilding industry has still high production efficiency. For existence, however, it is very important to widen a gap against other countries. Japanese yards' poduction capacity will reach a 75m gt level by 2025 on condiion that their productivity can be improved with all sorts of the relevent measures. If it comes true, Japanese yards' share global newbuilding tonnage will increase from 20% to 30%.</span></div><div><br></div><div><span style="color: rgb(0, 0, 0); font-family: Arial,sans-serif; font-size: 12pt;">* Implementation of 'i-Shipping' in three sectors: 'i-Shipping', a measure to improve productivity with the use of IoT (internet of things) shall be accelerated in three sectors such as design, construction and operation.</span></div><div><br></div><div><span style="color: rgb(0, 0, 0); font-family: Arial,sans-serif; font-size: 12pt;">* Opportunity for offshore sector to improve capability: Offshore facility sector aims to win large-scale project by 2025. Training human resources. Sharing know-how among companies and so on need to be accelerated in the medium term until global investment in Japan's offshore business is activated again.</span></div><div><br></div><div><span style="color: rgb(0, 0, 0); font-family: Arial,sans-serif; font-size: 12pt;">* Increase of the number of manpower in shipbuilding ship equipment business by 10,000: The number of employees in shipbuilding ship equipment industry is 125,000 as of 2014. Based on production capacity per woker, however, 135,000 workers are needed in 2025. The shortage of manpower so could be a existence-threatening problem for Japanese shipbuilding industry that this plan should be carried out in priority.</span></div><div><br></div><div><span style="color: rgb(0, 0, 0); font-family: Arial,sans-serif; font-size: 12pt;">We look forward to the normalization of the world shipbuilding industry in the near future. This week we also hope a good time.</span></div><div><br></div><div><span style="color: rgb(0, 0, 0); font-family: Arial,sans-serif; font-size: 12pt;">Best regards,</span></div><div><br></div><div><strong><font size="4">Lee Heun-Woo</font></strong></div><div><a href="http://www.vinbang.com/" target="_blank" data-saferedirecturl="https://www.google.com/url?hl=ko&q=http://www.vinbang.com&source=gmail&ust=1467161384917000&usg=AFQjCNHajpqElcxGpIvWT5x2S0cEua_UmA"><u><font color="#1155cc">www.vinbang.com</font></u></a><br></div>
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Japan would have prepared for the competetive-edge in shipbuilding again amid restructuring
in Korea shipyard.