o The first company to receive A in two consecutive shipyard risk assessments held by

   UK marine insurers

o The result of various programs and a thorough safety inspection aimed at enhancing

   safety awareness

Samsung Heavy Industries received the highest level of safety management evaluation from the UK’s marine insurers. For the second time in a row, the company received an A in the JH143 Survey (shipyard risk management) held by the Joint Hull Committee (JHC).

The Joint Hull Committee, founded in 1910 by UK marine insurers, has maintained a respected place in the industry for over 100 years. The JHC has been conducting its JH143 Survey every four years since 2003, when a number of accidents, including fire and overturned cranes, took place in shipyards around the world.

The survey comprises 13 evaluation indexes including emergency response planning, fire-fighting capabilities, and safety regulations and procedures. The Committee assigns a level after evaluating the quality of safety systems and making a thorough site inspection. Level A indicates that the shipyard is associated with little risk, and that there is little room for safety improvement.

The award is significant. The insurance industry has acknowledged that Samsung is a world-beater in terms of safety awareness, its approach to occupational safety and its health systems. This is expected to benefit Samsung Heavy Industries in upcoming insurance negotiations. The company renews its insurance contract every July in case of potential accidents in shipbuilding.

Safety is the number one priority for Samsung Heavy Industries. In 2001, it has achieved OHSAS 18001 certification for occupational health and safety, which was a first for shipbuilders.

Samsung Heavy Industries strives to prevent accidents by providing safety training as stipulated in law, also by requiring certification and repair training for heavy equipment, site training, and more than 60 safety inspections every month. The company wrote 12 safety rules in 2009 ? a first in the industry ? and introduced the ''Safety Stop initiative'' making it easier to halt production and prevent accidents.

Samsung Heavy Industries operates ''BBS+'' in which coworkers observe one another’s behavior, discuss safety, and develop measures that enhance the working process. The annual ''Safety Star Award'' boosts employees'' awareness of safety issues, and the ''Safety Quiz Competition'' improves employees'' safety knowledge.

A representative of Samsung Heavy Industries said that "It is a great honor to have been acknowledged as the most safe shipyard in the world by the insurance industry. We will carry on doing our utmost to ensure the safety of employees."