Generating high profits by selectively receiving orders for high technology and high value-added ships

Since it launched the shipbuilding business unit, Samsung Heavy Industries has won orders for about 896 ships from some of the world's most renowned shippers, 697 units of which it has successfully delivered. Harnessing its world-leading technological competitiveness, the company has focused on the production of high-tech and high-value special ships such as icebreakers, LNG carriers, ultra-large container ships and passenger ships.

SHI has gained high recognition for its shipbuilding capability and price competitiveness, winning large-scale contracts from major global oil firms, and is a trendsetter and an industry leader in the ultra-large container ship sector.

In 2009, SHI became the first Korean shipbuilder to develop eco-friendly large passenger ships using LNG and eco-friendly LNG-RV, leading the development of new ships that minimize their environmental impact.

In terms of cruise ships, which have long been regarded as the capstone of shipbuilding technology and the dream of domestic shipbuilders, SHI was selected as the exclusive supplier of the USD 1.1 billion cruise ship in the bid operated by Utopia, a US cruise shipper, in November 2009. With this contract, SHI is now favorably positioned to become the first Korean shipbuilder to advance into the cruise ship market, long dominated by European shipbuilders.

Creation of new value based on technological ability and experience

Samsung Heavy Industries has already built the world's largest number of ships in the drill ship and FPSO sectors, and has demonstrated excellent turnkey production capability in fixed platforms, TLP and LNG-FPSO by securing the top-side design and construction technology, which is the key to marine development facilities, based on the shipbuilding technology that it has accumulated.

The LNG-FPSO developed by Samsung Heavy Industries, the first ship of its kind in the world, is an innovative ship that enables the production, liquefaction and storage of LNG. In 2009, SHI was selected by Royal Dutch Shell, the world's largest energy firm, to be its exclusive supplier of LNG-FPSO. Under the contract, the Company will supply LNG-FPSO ships for the next 15 years, up to USD 50 billion.

Since winning the order for EPMI Palas/Tabu-A Platform, a marine oil drilling facility, in 1984, SHI has made remarkable achievements in the marine platform sector for the development of undersea resources by producing crude oil production facilities, gas production facilities and drilling facilities. In 2006 and 2007, the company successfully delivered two units of the world's largest marine platforms to Sakhalin Energy Investment Company Ltd. in Russia. In 2008 and 2009, SHI also successfully delivered two units of the world's largest semi-submersible drilling facilities, West Phoenix and Eminance, to Sea Drill, a Norway Shipper, proving its excellence in the marine platform building technology and strengthening its reputation in the global marine industry.