Hyundai Heavy Industries
Hyundai Heavy Industries Co., Ltd (HHI) had its ground-breaking ceremony in 1972 in Ulsan, situated on the southeastern tip of Korean peninsula. HHI started building two 260,000 DWT VLCCs along with its dry dock. Two years later it had a simultaneous christening ceremony for its fIrst two VLCC’s and the dedication of it’s shipyard.
In 1984, just 10 years after HHI delivered its first VLCC, HHI surpassed 10 mil. DWT in ship production. Since then, the shipyard accomplished an aggregate production of 30 mil. DWT in 1991, 50 mil. DWT in 1997, and 70 mil. DWT in 2000, setting new world records for ship production in the shortest period of time. Today HHI accounts for about 15% share of the global shipbuilding market.
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