hyundai heavy industries

2000 Club – World’s Biggest Shipbuilder Hits Delivery Milestone

Mike Schuler
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May 26, 2015

Hyundai Heavy Industries shipyard in Ulsan, South Korea, about 410 km (255 miles) southeast of Seoul. REUTERS/Lee Jae-Won

South Korea’s Hyundai Heavy Industries (HHI), the world’s biggest shipbuilder, announced a new milestone Tuesday with the recent delivery of its 2,000th ship.

The milestone was reached with the delivery of the Ocean BlackLion, the last of four ultra-deepwater drillships for Diamond Offshore.

Hyundai Heavy opened its doors with a bang in the early 1970’s by simultaneously completing shipyard construction and delivering two 266,000 DWT VLCCs just two years after breaking ground along a stretch of beach in Ulsan. Since then, the shipyard has grown to become the world’s biggest shipyard, setting a number of world records in the process. In 2002, HHI became the first shipyard to reach 1,000 ship deliveries. Later in 2012, the yard also became the first to accumulate 100 million gross tons in ship production.

Today, the gross tonnage of the 2,000 ships built at HHI amounts to 126 million, twice the gross tonnage of total ships built last year worldwide, HHI says.

“Today, we wrote a new chapter in the global shipbuilding history by delivering the 2,000th ship, said Choi Kil-seon, chairman & CEO of HHI. “As we have been over the past four decades, we will continue to stand firm as the global leader in the shipbuilding industry with tireless innovation and shipbuilding method improvement for the coming decades.”

HHI notes that the top four most-delivered ships at the yard are containerships (583), bulk carriers (357), tankers (232) and VLCCs (147), with most orders coming from Greece (254), followed by Germany (238), Japan (120) and Denmark (101).

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