Samsung Heavy Industries
Encyclopedia
Samsung Heavy Industries or SHI (Korean
: 삼성중공업, Hanja
: 三星重工業) is one of the largest shipbuilders in the world and one of the "Big Three" shipbuilders of South Korea. A core subsidiary of the Samsung Group
, South Korea's and the world's largest conglomerate
, SHI's main focus is on shipbuilding, offshore floaters, digital devices for ships, and construction and engineering concerns.
SHI operates manufacturing facilities at home and abroad, including ship block fabrication factories in Ningbo
and Rongcheng
, China
. The Geoje Shipyard in particular, SHI's largest shipyard in South Korea, boasts the highest dock turnover rate in the world. The largest of the three docks, Dock No. 3, is 640 meters long, 97.5 meters wide, and 13 meters deep. Mostly ultra-large ships are built at this dock, having the world's highest production efficiency with yearly dock turnover rate of 10 and the launch of 30 ships per year.
SHI specializes in the building of high added-value and special purpose vessels, including LNG carriers, off-shore related vessels, oil drilling ships, FPSO/FSO's, ultra Large container ships and Arctic shuttle tankers. In recent times SHI has concentrated on LNG tankers and drillships, for which it is the market leader.
Samsung Shipbuilding and Daesung Heavy Industries were merged under Samsung Heavy Industries in 1983. Since then, it has put efforts in the introduction of new technologies and development of products, while expanding the business area into heavy equipment and construction.
Since the 21st century, SHI began to build LNG and large passenger ships in earnest, and exported shipbuilding technologies to the United States
. In 2009, SHI was contracted to build a new residential cruise ship named Utopia
, which will be the largest passenger ship ever assembled in Asia.
Korean language
Korean is the official language of the country Korea, in both South and North. It is also one of the two official languages in the Yanbian Korean Autonomous Prefecture in People's Republic of China. There are about 78 million Korean speakers worldwide. In the 15th century, a national writing...
: 삼성중공업, Hanja
Hanja
Hanja is the Korean name for the Chinese characters hanzi. More specifically, it refers to those Chinese characters borrowed from Chinese and incorporated into the Korean language with Korean pronunciation...
: 三星重工業) is one of the largest shipbuilders in the world and one of the "Big Three" shipbuilders of South Korea. A core subsidiary of the Samsung Group
Samsung Group
The Samsung Group is a South Korean multinational conglomerate corporation headquartered in Samsung Town, Seoul, South Korea...
, South Korea's and the world's largest conglomerate
Conglomerate (company)
A conglomerate is a combination of two or more corporations engaged in entirely different businesses that fall under one corporate structure , usually involving a parent company and several subsidiaries. Often, a conglomerate is a multi-industry company...
, SHI's main focus is on shipbuilding, offshore floaters, digital devices for ships, and construction and engineering concerns.
SHI operates manufacturing facilities at home and abroad, including ship block fabrication factories in Ningbo
Ningbo
Ningbo is a seaport city of northeastern Zhejiang province, Eastern China. Holding sub-provincial administrative status, the municipality has a population of 7,605,700 inhabitants at the 2010 census whom 3,089,180 in the built up area made of 6 urban districts. It lies south of the Hangzhou Bay,...
and Rongcheng
Rongcheng
Rongcheng is a county-level city in Weihai prefecture-level city, Shandong province, in eastern China.-History:According to historical records, the Emperor Qinshihuang had visited Rongcheng twice, building bridges and temples...
, China
China
Chinese civilization may refer to:* China for more general discussion of the country.* Chinese culture* Greater China, the transnational community of ethnic Chinese.* History of China* Sinosphere, the area historically affected by Chinese culture...
. The Geoje Shipyard in particular, SHI's largest shipyard in South Korea, boasts the highest dock turnover rate in the world. The largest of the three docks, Dock No. 3, is 640 meters long, 97.5 meters wide, and 13 meters deep. Mostly ultra-large ships are built at this dock, having the world's highest production efficiency with yearly dock turnover rate of 10 and the launch of 30 ships per year.
SHI specializes in the building of high added-value and special purpose vessels, including LNG carriers, off-shore related vessels, oil drilling ships, FPSO/FSO's, ultra Large container ships and Arctic shuttle tankers. In recent times SHI has concentrated on LNG tankers and drillships, for which it is the market leader.
History
Samsung Heavy Industries was established in 1974, when the company's Changwon plant was opened. SHI soon purchased Woojin, followed by the construction of Geoje shipbuilding facilities and merger with Daesung Heavy Industries.Samsung Shipbuilding and Daesung Heavy Industries were merged under Samsung Heavy Industries in 1983. Since then, it has put efforts in the introduction of new technologies and development of products, while expanding the business area into heavy equipment and construction.
Since the 21st century, SHI began to build LNG and large passenger ships in earnest, and exported shipbuilding technologies to the United States
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
. In 2009, SHI was contracted to build a new residential cruise ship named Utopia
Utopia (cruise ship)
Utopia is a planned luxury residential cruise ship project Utopia Residences with construction to be completed by 2014. Completion of the ship is expected in late 2014 at a cost of US$1.1 billion. The binding letter of intent to build Utopia was announced at November 30, 2009...
, which will be the largest passenger ship ever assembled in Asia.
See also
- Economy of South KoreaEconomy of South KoreaSouth Korea has a market economy which ranks 15th in the world by nominal GDP and 12th by purchasing power parity , identifying it as one of the G-20 major economies. It is a high-income developed country, with a developed market, and is a member of OECD...
- List of Korean companies
- List of Korea-related topics
- Seocho Samsung TownSeocho Samsung TownThe Samsung Town is a major office park in Seocho-gu in Seoul, South Korea. It serves as the IT and electronics hub for the multinational corporation Samsung....