Samsung Heavy Industries Co., Ltd. (010140)

Overview

Established in 1974 and headquartered in Seongnam-si, South Korea, Samsung Heavy Industries Co., Ltd. operates as a prominent player in the global shipbuilding, offshore, and machinery and electric systems industries. The company has etched its presence worldwide, providing advanced technological solutions and a vast range of products from shipbuilding to complex offshore structures, and innovative machinery and electric systems. Samsung Heavy Industries is known for its commitment to sustainability, cutting-edge technology, and contribution to global maritime and oil & gas industries, catering to a diverse set of clients and pushing the boundaries in marine engineering.

Products and Services

Shipbuilding: Samsung Heavy Industries leads in manufacturing various types of ships, including crude oil tankers, product tankers for transporting refined oil products, shuttle tankers for crude oil, arctic shuttle tankers, container ships, liquefied natural gas (LNG) carriers, LNG floating storage regasification units, very large ethane carriers, and passenger ships. These vessels are designed with the latest technology to ensure efficiency, safety, and environmental compliance.

Offshore Products: The company excels in providing offshore solutions such as drillships; floating LNG operations that cover drilling, refining, liquefying, storing, and offloading LNG; floating, production, storage, and offloading (FPSO) vessels; floating offshore structures and platforms; floating production units; wind turbine installation vessels; and jack-up rigs. These products play a crucial role in offshore oil and gas exploration and production, highlighting Samsung Heavy Industries' expertise in the offshore sector.

Machinery and Electric Systems: Comprising PURIMAR, a ballast water management system, FuGas for fuel gas supply and storage, medium and low voltage marine switchboards, ship automation systems, electric power control systems, and regasification systems. The company also offers floating power plant and semi-rig independent model products, showcasing its capabilities in creating advanced machinery and electric systems that enhance the operational efficiency and safety of marine and offshore projects.

Technological Solutions: Samsung Heavy Industries is at the forefront of providing innovative solutions like the EEXI/CII solution, focused on reducing carbon emissions through engine power monitoring and controlling services. Their smart vessel total solution digitalizes vessels and their application programs for navigation, indicating the company's commitment towards embracing digital transformation and promoting sustainability in the maritime industry.