Status of Port Cranes in the United States

MITSUI E&S Co., Ltd. (Headquarters: Chuo-ku, Tokyo; President and CEO: Takeyuki Takahashi; hereinafter "MITSUI E&S"), our subsidiary company in the United States, PACECO Corp. (Headquarters: California, U.S., President: Kazuhiro Yamakaji; hereinafter "PACECO") and Brookfield (Headquarters: Toronto, Canada; CEO: Bruce Flatt; hereinafter "Brookfield") are continuously working together as partners to contribute to securing port infrastructure in the United States.

On February 21, 2024, the U.S. government announced that the U.S. government will invest in cyber countermeasures for the Maritime Transport System (MTS) to strengthen the resilience of port cranes against cyber risks.

MITSUI E&S, through discussions with Brookfield and PACECO, is on track to comply with the Build America, Buy America Act (BABA), a requirement for utilizing federal funds, by adopting 55% of cost of crane components be U.S. made and final assembly of the cranes in the United States.

In order to maintain the high quality of the product as well as to achieve short delivery and BABA compliance in response to the expected demand from the United States, MITSUI E&S is planning to have own transportation vessel for the port cranes.

MITSUI E&S will keep strengthening its response to BABA, including expanding the scope of crane production in the United States in accordance with U.S. government policy, in order to contribute to securing the safety of U.S. port infrastructure.

Contact details for this Press Release:
For inquiries regarding products and technologies:
Sales Department, Logistics Systems Division
Tel: +81-3-3544-3904

For media inquiries:
Internal Control Section, Corporate Planning Department
Tel: +81-3-3544-3147