Imabari Shipbuilding, a major Japanese shipbuilder, has announced its acquisition of 15.47% shares in Daihatsu Diesel Corporation, a move aimed at fostering the development of alternative-fueled engines. The agreement, set to finalize on April 1, 2025, promises benefits such as enhanced collaboration between the two companies and a reliable supply of essential equipment for merchant ships. This strategic step aligns with Imabari's goal of supporting the reduction of greenhouse gas emissions, in line with the International Maritime Organization (IMO)'s target of achieving zero emissions from international shipping by 2050. Daihatsu Diesel's ambitious plan focuses on introducing ammonia-fueled engines to the market by FY2028, with a vision of producing over 60 such engines annually by 2040. The company aims for a substantial market share, particularly targeting medium- and large-sized ocean-going cargo ships. Additionally, Japan's Ministry of the Environment and Ministry of Land, Infrastructure, Transport and Tourism have launched the 'Zero Emission Ship Construction Promotion Project,' selecting proposals for zero-emission vessels utilizing fuels like ammonia and hydrogen. The substantial investments in the shipbuilding and marine equipment industry under this project aim to position Japan at the forefront of next-generation ship technology. Notably, another proposal within this initiative involves Yanmar Power Technology's plan for hydrogen-fueled engines and fuel cell systems, further emphasizing Japan's commitment to sustainable maritime solutions.