Hyundai Heavy Industries (HHI), the world’s largest shipbuilder, said today that it has passed the unprecedented milestone of 100 million gross tonnage in ships with the delivery of the Cosco Faith for Seaspan on March 8.
The record was achieved just 40 years after the Company broke ground for the world’s biggest shipyard in Ulsan in March 1972.
In celebration of reaching 100 million GT, Hyundai Heavy held a simultaneous naming ceremony via satellite link for the 13,100 TEU containership with a sister ship built at Hyundai Samho Heavy Industries, an HHI affiliate, in southwest Korea.
Hyundai Heavy has expanded its shipbuilding capacity by continuously developing creative shipbuilding methods including on-ground shipbuilding method, tandem shipbuilding method, and using a T-shaped drydock.
With these innovations in shipbuilding, Hyundai Heavy has delivered 1,805 ships, including 510 containerships, 351 oil tankers, 342 bulk carriers, 124 product carriers, and 109 LPG carriers for 285 shipowners all over the world.
The Company operates 11 docks and builds about 100 ships a year with an annual shipbuilding capacity of 13 million tonnage.