machinery & heavy industries
Founded in 1974, Samsung Heavy Industries’ main shipyard is located on the Island of Geoje just off the south coast of the Korean peninsula. The ultramodern Geoje shipyard boasts three dry-docks and two floating docks supported by an integrated and automated production system, essential to delivering defect-free vessels. Since completing its first dry-dock in 1979, the company has delivered hundreds of vessels from virtually every ship category to customers worldwide, leading the industry in number of ships built and in dock turnover time, a key measure of efficiency.
The company designs, engineers and builds a broad line of workhorse ships, ranging from arctic shuttle tankers to LNG (liquefied natural gas) carriers, ferries and ultra-large container ships, as well as their navigational and control components. In addition, the company builds a full complement of oil and gas exploration/production vessels and rigs, from drill ships to fixed and semi-submersible offshore platforms.
Samsung Heavy Industries has also established itself as a global leader in several specialty areas, including drill ships, floating production, storage and offloading facilities, LNG carriers and ultra-large container ships. The company is the undisputed leader in next-generation electric-propelled LNG ships, which utilize naturally evaporating liquefied natural gas to generate engine power, a very fuel-efficient and pro-environmental design. Designed to transport liquefied natural gas at -163ºC, LNG ship construction requires significant technological expertise. The company dominates the LNG ship market with 30 percent of the world’s orders, a value of $2.9 billion, in 2005. In 2006, the company received orders for 10 LNG ships, valued at $2.6 billion.
2006 was another outstanding year for Samsung Heavy Industries. The company posted sales of over $6.8 billion, up nearly $1 billion from 2005. The year’s highlights include an order of the world’s highest-priced vessel, a drill ship valued at $631 million, commencement of construction of the world’s first ice-breaking tanker, and the construction of the world’s largest sea platform, capable of drilling crude oil and gas simultaneously in extreme conditions. In addition, our four vessels . the FPSO, ice-class oil tanker, LNG vessel, and a large container ship. were selected as the Best Vessels of 2006 by the top three magazines specializing in shipbuilding, Maritime Reporter, Marine Log and Naval Architect.
On June 20, Samsung Heavy Industries held a successful launching ceremony for its ice-breaking oil tanker, which will become the first ice-breaking tanker in the world. This is the first ship among three 70,000-ton ice-breaking oil tankers that were commissioned in November 2005 by Sovcomflot, a Russian state-owned shipping company. The oil tanker, which began construction in October 2006, will be delivered to the ship owner at the end of December this year
visit shi.samsung.co.kr/eng| Chief Executive Officer | Jing-Wan Kim, CEO and President |
|---|---|
| No. of Employees | 10,793 |
| 2006 Sales | $6.83 billion |
| Telephone No. | +82-2-3458-6291 |
| Facsimile No. | +82-2-3458-6298 |
| Address | SAMSUNG Yeoksam Building, 647-9, Yeoksam-Dong, Kangnam-Gu, Seoul 135-080, Korea |
| Major Products | Commercial Ships, Industrial Ships & Offshore facility, Cruiser&Ferries Integrated navigation systems, Steel Structure & Bridge, Material Handling Equip, Bulk Material Handling Sys. Engineering and Construction |
