SAMSUNG HEAVY INDUSTRIES

Oil tankers include crude oil tankers that transport crude
oil, product carriers that transport refined oil products,
and shuttle tankers that transport crude oil produced
at FPSO to inland bases.

As shuttle tankers need to be fixed while loading
crude oil offshore, they need to be equipped with
a satellite-based positioning system.

From its building of the world¡¯s first AFRAmax-class
double-hull oil tanker in 1992 to its winning of the Green
Ship Award at the Nor-Shipping Exhibition 2009,
the world¡¯s most prestigious ship exhibition, with its
shuttle tankers in 2009, Samsung Heavy Industries¡¯
dedication to the development of green ships continues.

Arctic shuttle tankers, which combine ice breakers and oil
tankers, maximize the efficiency of crude oil transportation
in arctic regions. Samsung Heavy Industries built
the world¡¯s first Arctic shuttle tanker in 2007.

The Arctic shuttle tanker built by Samsung Heavy
Industries features bi-directional technology, which
enables the tanker to rotate 180 degrees and break
the ice backward when it is caught in ice in the Arctic
Ocean. As a special ship with high added value, its price
is more than three times that of ordinary tankers.

With its accumulated expertise,
SHI is focused on the development of arctic ships
like Arctic shuttle tankers.

Container ships are ships equipped with container holds,
and the size of container ships is marked in TEU (Twenty
Foot Equivalent Unit).

In 1999, when 5,000 TEU-class ships dominated
the market, Samsung Heavy Industries developed the
world¡¯s first 6,200 TEU-class container ship. Since then,
SHI has developed the 7,700 TEU-class container ship,
the 8,100 TEU-class container ship, and the 9,600
TEU-class container ship. In 2006, it received an order for
the world¡¯s largest container ship, a 13,300 TEU-class
container ship. It also developed the world¡¯s largest
16,000 TEU-class container ship in 2007.

In terms of shipbuilding performance, Samsung Heavy
Industries was the first shipbuilder to construct 8,500-TEU,
9,200-TEU and 9,600-TEU container ships, and took the
lead in the large container shipbuilding sector by building
the world's largest 13,800-TEU, 14,100-TEU container
ship in 2008.

As special ships transporting natural gases liquefied
at -163 degrees, LNG Carriers are ships with high added
value. Samsung Heavy Industries has received orders for
a total of 92 units of LNG Carriers as of June 2011,
and delivered 67 units with orders remaining for 25 units,
dominating the industry.

In 2001, the company developed an electricity-powered
LNG Carrier that offers excellent operating performance
and lower fuel costs, and built the world¡¯s largest 266,000
§©-class LNG Carrier in 2008 and 2009. In 2011,
the company proved its technological excellence again by
successfully becoming the first Korean shipbuilder to
develop a cargo hold for LNG Carriers, a key LNG Carrier
facility.

SHI has also pioneered the development of innovative
new ships like LNG-FSRU, which enables the vaporization
and storage of LNG by importers, as well as Arctic shuttle
tankers.

LNG SRV Carriers are LNG carriers equipped with an SRV
system. In 2009, Samsung Heavy Industries built
the world¡¯s first LNG-SRV carrier, which is equipped with
various green technologies.

The LNG-SRV carriers built by Samsung Heavy Industries
enable the vaporization of LNG offshore and the direct
supply of revaporized natural gas to in-land locations
through pipelines, unlike previous LNG carriers, which
transported LNG from the location of production
to the location of consumption.

After winning the Korea Technology Award in 2009,
the ship was also designated as the World¡¯s Best
Green Ship at the Green Ship Awards in April 2010.

Passenger ships can be broadly classified into ferries and
cruisers. Ferries are passenger ships traveling between
ports, while cruisers are large passenger ships that can
accommodate more than 1,000 passengers and offer
residential, recreation, fitness, leisure and restaurant
facilities. Cruisers are like offshore hotels.

Thus far, SHI has constructed three passenger
ships weighing 28,000 tons for Minoan (Greece),
and three 35,000-ton high-speed passenger ships
for Norfolk (Netherlands). It also won an order
from Stena (Sweden) for two 31,000-ton
passenger ships.

SHI is also leading green technology research
by developing green passenger ships that reduce NOx
and SO emissions by more than 90%, in 2009, by using
LNG as fuel for the first time in Korea.