Hyundai Heavy Industries (HHI) is one of the biggest ship construction companies in the world. Its ship manufacturing facility in Ulsan, a South Korean city located on the south-eastern tip of the Korean Peninsula, is the largest shipyard in the world.
The shipyard extends across two and a half miles along the coast of Mipo Bay in Ulsan and covers an area of 1,780 acres. Due to its strategic location, the shipyard can be easily accessed from and to the open sea.
Construction on the Ulsan shipyard commenced in 1972 and it was commissioned in 1974. Meanwhile, HHI also christened two very-large crude carriers (VLCC), each of 260,000DWT. Construction of the ships as well as the shipyard was carried out simultaneously.
Construction history at the world’s largest shipyard
HHI commenced ship construction at its Ulsan shipyard in 1972 with two VLCCs. A christening ceremony to mark the completion of the first two VLCCs was held in June 1974. Ten years later, Ulsan shipyard delivered its first two VLCCs and achieved ten million DWT in aggregate ship production.
The shipyard reached a 20 million DWT production milestone in 1988 and 50 million DWT in 1997. It achieved an aggregate production mark of 100 million DWT in 2005.
From 1972 to 2013, HHI has delivered 2,981 vessels to 268 ship-owners in 48 countries. Today, it commands around 16% of the world ship manufacturing market.
In 2011, a total of 82 vessels were built in the shipyard with an aggregate of 10.1 million DWT. HHI surpassed the 100m gross tonnage (GT) in ship deliveries in 2012. It received an order to construct the world’s biggest containership of 19,000TEU in 2013.
Different types of vessels manufactured in Ulsan shipyard include bulk carriers, container ships, tankers, VLCC, product carriers, multipurpose cargo ships, ore-bulk-oil carriers, Ropax, pure car carriers, LPG carriers, RO-RO ships, chemical tankers, offshore rigs / barge and LNG carriers.