HHI first shipyard to reach 1,700 ship milestone

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February 9, 2011

On January 31, Hyundai Heavy Industries became the world’s first shipbuilder to deliver its 1,700th ship.

The company achieved this milestone record in 37 years after its first delivery of 260,000 DWT VLCC (very large crude oil carrier), Atlantic Baron in 1974.

The 1,700th vessel, Morning Lily, is an 8,100 unit pure car/truck carrier ordered by EUKOR Car Carriers.

If Hyundai Heavy’s delivery target of 110 ships for this year is reached, the company will be well on the way to surpassing the 2,000 ship milestone by the second half of 2013.

As of the end of January this year, the accumulated gross tonnage (GT) of ships Hyundai Heavy has delivered stands at 97.76 million. Hyundai Heavy is slated to set up a new delivery record of 100 million GT this April.

Since its establishment in 1972, Hyundai Heavy, as the world’s largest shipbuilder, has delivered ships to over 260 shipowners in 50 countries with 10% of global shipbuilding market share. Furthermore its ships have been recognized as Significant Ships for 28 years in a row since 1983.

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