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Press Release

Delivery of 1700th Ship

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

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.


2011-02-09

Please see Hyundai Heavy Industries Co., Ltd. (HHI) company electronic office

Contacts for Media
Tel.: +82-52-202-2342
Fax.: +82-52-202-2347
e-mail: hhiopr@hhi.co.kr

Hyundai Heavy Industries Co., Ltd. (HHI) is the world's largest shipbuilding company, headquartered in Ulsan, South Korea. It has seven business divisions: Shipbuilding, Offshore & Engineering, Industrial Plant & Engineering, Engine & Machinery, Electro & Electric Systems, Construction Equipment, and Green Energy.

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