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Samsung Heavy Industries

Samsung Heavy Industries
Company nameSamsung Heavy Industries
Company typePublic
SloganNavigating the uncharted waters of shipbuilding
IndustryShipbuilding, Construction & Engineering and
Equipment
FoundedAugust 5, 1974
HeadquartersSeocho Samsung Town in Seoul, South Korea
Key peopleJing-Wan Kim: Vice Chairman and CEO
Revenue(+) $8.40 billion (2008)
Net income(+) $663.28 million (2008)
Owner(s)Samsung Electronics 17.62%
National Pension Service 5.04%
Korea Investment and Securities 5.00% (as of July 18, 2011)
Employees12,481 (March 2009)
ParentSamsung Group

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Samsung Heavy Industries or SHI (Korean: 삼성중공업, Hanja: 三星重工業) is the second-largest shipbuilder 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 Heavy Industries Video

Samsung Heavy Industries, Korea, held a ceremony to launch its green management programme on January 28. As part of the project, Samsung announced that it launch a green shipyard. for more info visit www.ash.marinebiztv.com
1.28 min. | 2.0 user rating		 Brief tour of the apartment I'm staying in at Deokpo, South Korea on Keoje island while working at Samsung Heavy Industries.
4.52 min. | 4.33 user rating		 El petrolero Gulf Scandic transporta petroleo crudo, tiene doble casco. Construido en los astilleros coreanos Samsung Heavy Industries en Ulsan y cuyos armadores son Nordic American Tanker Shipping con sede en Bermuda, transporta petrolero para la Refinería de Repsol en A Coruña. Tanker ship Gulf Scandic a crude oil tanker with double hull was built by Samsung Heavy Industries, Ulsan, South Korea. Owners: Nordic American Tanker Shipping, Bermuda, was carrying crude oil to Refinery Repsol La Coruna.
7.00 min. | 5.0 user rating		 China and Vietnam have reached agreement to form a new trade zone that will increase the chances for greater cross-border trade and perhaps reduce the scope for maritime traffic. South Koreas Samsung C&T Corporation has clinched a deal to build Singapores first LNG terminal, the city-states Straits Times has reported. Hyundai Heavy Industries, Korea, has been awarded the tender to build a floating, production, storage and offloading unit (FPSO) for Norway-based Eni Norges Goliat Project.
2.32 min. | 5.0 user rating		 "Place Accommodation Model" by Samsung Heavy Industries was the Platinum Pipe 1st place winner at Intergraph 2010. This is an automation of accommodations in a 3D model of residential areas for passengers and crew in a passenger ship. The developed automation placed 3D equipment, furniture and joiner wall panels by referring the conceptual accommodation arrangement within SmartMarine 3D to boost critical design tasks. The purpose of the accommodation design was to finish the joiner plan quickly and to provide the 3D model to other design disciplines such as piping, HVAC and electrical.
2.53 min. | 0 user rating
Cinco dos dez estaleiros globais são clientes da Intergraph e usam as ferramentas e tecnologias SmartMarine. A Samsung Heavy Industries (SHI) usa SmartMarine 3D para construir cargueiros de gás natural (GNL), navios de passageiro em grande escala, navios de broca, ee navios petroleiros. O SmartMarine 3D proporciona a SHI benefícios de projeto global, construção, e otimização do ciclo de vida. A companhia ganhou um projeto mais eficiente e uma maior produtividade graças ao SmartMarine 3D. "Nós podemos reduzir os erros de conflito nos projetos em 50% e melhorar a produtividade em 10%" afirma o Sr. NAK Huno Jung - SHI, Coreia do Sul. Para maiores informações acesse www.sisgraph.com.br
1.70 min. | 0 user rating		 The Australian Transport Safety Bureau has released its initial report into the grounding of the Shen Neng 1 at Douglas Shoal, north of he entrance to the port of Gladstone. Samsung Heavy Industries, Korea, has added another newbuild contract to its orderbook, making it the sixteenth Suezmax order placed since December 2009. The tanker market is headed for a 35 percent slump, according to a new report by Bloomberg.
1.52 min. | 5.0 user rating		 The company sold the Neptune Discoverer to oil and gas company, PetroSaudi International. Samsung Heavy Industries, which was a ten percent stake at Brazils largest shipyard, the Atlantico Sul Shipyard, is qualified to join the tender, as is STX Offshore & Shipbuilding, which has a Brazilian unit, STX Brazil Offshore. Canadas Turbot war with the Spanish could soon have a follow-up, the shrimp war with the Danes. Fisheries Minister Gail Shea served notice on Tuesday, via news release.
1.38 min. | 5.0 user rating		 Utopia residences plan to sell half the cabins on a 1.1 billion USD deliverable in 2013 as floating homes. Utopia has ordered the vessel from Samsung Heavy Industries last year. Royal Caribbean calls in the earthquake torn Haiti Island. RCC is the first cruise liner to visit Haiti since Tuesday's devastating earthquake. Fincantieri Monfalcone has laid the first block of 'Carnival Magic' ordered by Carnival cruise lines.
1.78 min. | 5.0 user rating		 Samsung Heavy Industries won an order from Taiwan's Evergreen Group to build ten 8000 TEU container vessels, the shipbuilder said Wednesday. The US$1.03 billion deal follows an order placed by Evergreen in early July also for ten container vessels of the same size. "This is the first time that we've received orders for 20 vessels from the same customer in the same year," a Samsung spokesperson said. Japan-based NYK Line is building a new slurry tanker for shipments of New Zealand iron sands to China and Japan. NYK and New Zealand Steel Mining Ltd the local face of BlueScope, the former BHP conglomerate which controls the Glenbrook steel mill -- have agreed to extend their current contract for an additional 15 years for the transport of iron sand from New Zealand to China and Japan, NYK said in a statement. Three vessels built by Armstrong Marine and fitted with SeaFury SF26 drives were launched in the United States. The 'Nanuq' is a 11.5-metre by 4.8-metre welded aluminium catamaran launched April 2010 and operates as a whale watching vessel off the west coast of Vancouver Island, British Columbia in Canada. She is licensed to carry 33 passengers weighs 13 tons and operates at 34 knots.
3.05 min. | 5.0 user rating

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The Emerging Opportunity in Offshore Wind Vessels - Greentech Media (blog) Tweet this news
Greentech Media (blog)--The best offshore vessels, Stute said, are being built by Korea's Daewoo Shipbuilding and Marine Engineering and -Samsung Heavy Industries-, by Poland's Crist ... - Date : Thu, 30 Dec 2010 11:13:26 GMT+00:00
South Korean Market Trades Marginally Down; Tech, Bank Stocks Move Higher - RTT News Tweet this news
RTT News--Among shipping stocks, Hyundai Heavy Industries is down 3.6%, Daewoo Shipbuilding is trading lower by 2% and -Samsung Heavy Industries- is down with a loss of ... - Date : Mon, 06 Dec 2010 03:33:55 GMT+00:00
Shagang to supply 60000 tonnes of SBQ plates to S Korea HHIC - SteelGuru Tweet this news
SteelGuru--Mr Shen Wenming executive director of Shagang Group and Mr Li Hengqi, managing director of Hanjin -Heavy Industries- and Construction, both signed the ... - Date : Thu, 16 Dec 2010 04:09:33 GMT+00:00
ABB Wins Marine Orders Worth $35M - Hydrocarbon Online (press release) Tweet this news
Hydrocarbon Online (press release)--"Our continued collaboration with -Samsung Heavy Industries- underscores the effectiveness of ABB's core concept of simplicity as a driver in the design, ... - Date : Thu, 16 Dec 2010 06:33:27 GMT+00:00
CSAV Orders Two 8000-TEU Container Ships - Pacific Shipper Tweet this news
Pacific Shipper--The Chilean carrier, which Alphaliner ranks as the world's seventh-largest carrier by capacity, contracted with -Samsung Heavy Industries- for the vessels, ... - Date : Mon, 13 Dec 2010 20:29:28 GMT+00:00
Samsung clinches CSAV boxships - The Motorship Tweet this news
The Motorship--Chilean liner operator CSAV has taken a two plus two option deal at Korea's -Samsung Heavy Industries- for 8000 TEU ships at a cost of $90 million each. ... - Date : Wed, 15 Dec 2010 13:31:58 GMT+00:00
S Korea Shares End Up; Index Breaks Past Key 2000 Level After More Than 3 Years - Wall Street Journal Tweet this news
Wall Street Journal--Hyundai Heavy Industries jumped 8.9% to KRW417,000, Daewoo Shipbuilding & Marine Engineering was up 6.2% at KRW32,650 and -Samsung Heavy Industries- rose 5.7% ... - Date : Tue, 14 Dec 2010 16:00:19 GMT+00:00
Nordic American takes delivery of new ship - Bloomberg Tweet this news
Bloomberg--The two new ships are being built at -Samsung Heavy Industries- Co. and are expected to be delivered in the third and fourth quarters of next year. ... - Date : Mon, 06 Dec 2010 23:31:35 GMT+00:00
20-ship order for radial bolts - The Motorship Tweet this news
The Motorship--The vessels, which are to be built by -Samsung Heavy Industries- in South Korea, will be delivered during 2012 and 2013. The Pilgrim bolts will be fitted to ... - Date : Thu, 09 Dec 2010 14:30:09 GMT+00:00
DryShips Announces $325 Million Bridge Loan Facility - Maritime Executive Magazine (press release) Tweet this news
Maritime Executive Magazine (press release)---...- drawdown to fund the delivery installment of the Ocean Rig Corcovado (Hull 1837) scheduled for delivery from -Samsung Heavy Industries- in January 2011. ... - Date : Tue, 07 Dec 2010 15:13:38 GMT+00:00

Samsung Group

Electronics IndustriesSamsung Electronics * Samsung SDI * Samsung Electro-Mechanics * Samsung Corning Precision Glass * Samsung SDS * Samsung Networks * Samsung Techwin * Samsung Mobile Display * Samsung Digital Imaging
Financial ServicesSamsung Life Insurance * Samsung Fire & Marine Insurance * Samsung Card * Samsung Securities * Samsung Investment Trust Management * Samsung Venture Investment
Machinery & Heavy and Chemical IndustriesSamsung Heavy Industries * Samsung Total Petrochemicals * Samsung Petrochemicals * Samsung Fine Chemicals * Samsung BP Chemicals
Others| Samsung C&T Corporation * Samsung Engineering * Cheil Industries * Samsung Everland * Hotel Shilla * Cheil Worldwide * S1 Corporation * Samsung Medical Center * Samsung Economic Research InstituteSamsung C&T Corporation * Samsung Engineering * Cheil Industries * Samsung Everland * Hotel Shilla * Cheil Worldwide * S1 Corporation * Samsung Medical Center * Samsung Economic Research Institute



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