Generating high profits by selectively receiving orders for high technology and high value-added ships
Since it launched the shipbuilding business, Samsung Heavy Industries has received orders for 1,056 units of ships from the world’s leading shippers (as of June 30, 2013). Its world-leading technological excellence is proven by its successful delivery of 924 units of ships.
In particular, SHI has led the market for high-tech ships with high added value, securing the No. 1 market share with its LNG carriers and ultra-large container ships. It has also obtained an unbeatable position in the innovative new ship markets, proven by its development of the world’s first bi-directional Arctic shuttle tankers.
In 2009, it built the world’s first green LNG-SRV, which won the Green Ship Award as the world’s most eco-friendly ship. In September 2011, it successfully developed a cargo hold for membrane-type LNG carriers, a Korean first, strengthening its competitiveness in LNG carrier building.
SHI has made an effort in its work to develop green technologies, particularly in improving the operating efficiency of its ships to reduce CO₂emissions during operation.
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 drillship 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 offshore facilities, based on the shipbuilding technology that it has accumulated.
SHI has made remark able achievements in the offshore 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 offshore 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 offshore platform building technology and strengthening its reputation in the global offshore industry.
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.
In 2012, Samsung Heavy Industries received an order for the world's largest CPF from Inpex. This EPC contract is the one of the latest cases represents SHI's excellent offshore performance.