Samsung Heavy Industries

Samsung Heavy Industries Co., Ltd.

Native name	삼성중공업 (三星重工業)
Company type	Public
Traded as	KRX: 010140
Industry	Engineering Naval engineering Shipbuilding
Founded	5 August 1974; 50 years ago (1974-08-05)
Headquarters	Samsung Town, Seoul, South Korea
Key people	Jin-Taek Jung (president and CEO)
Products	Ships, offshore platforms, wind power, electric power & control systems and engineering & infrastructure
Revenue	KRW 7.35 trillion (2019)
Net income	KRW (1.32) trillion (2019)[1]
Total assets	KRW 13.61 trillion (2019)[1]
Total equity	KRW 5.25 trillion (2019)[1]
Owners	Samsung Electronics (15.98%)[2] National Pension Service (7.07%)[2] Other Samsung affiliates (5.28%)[2]
Number of employees	11,897[3] (December 2016)
Parent	Samsung
Website	samsungshi.com/En/

Samsung Heavy Industries Co., Ltd. (Korean: 삼성중공업) is one of the largest shipbuilders in the world and one of the "Big Three" shipbuilders of South Korea (including Hyundai and Hanwha). Geoje (in South Gyeongsang Province) is one of the largest shipyards in the world, having 3 dry docks and 5 floating docks. A core subsidiary of the Samsung Group, South Korea's largest conglomerate, SHI's main focus is on the engineering, procurement, construction, commissioning and the delivery of: transportation ships for the commercial industry, topsides modules, drilling and floating production units for the oil and gas sector, gantry cranes for fabrication yards, digital instrumentation and control devices for ships, and other construction and engineering services.

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 metres (2,100 ft) long, 97.5 metres (320 ft) wide, and 13 metres (43 ft) 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.^[4]

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 such as Xin Beijing (2007),^[5] and Arctic shuttle tankers. In recent times SHI has concentrated on LNG tankers and drillships. It has manufacturing centers in Rongcheng and Ningbo in China and a design center in India.