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Hyundai Shipbuilding Division, the world's number one shipbuilder, leads the global shipbuilding industry with a 15% share of the market. The Hyundai shipyard stretches over four kilometers along the coast of Mipo Bay in Ulsan, Korea. The Shipbuilding Division is capable of building all types of ships to meet various demands from its clients. It has ten large-scale drydocks with nine huge 'Goliath Cranes'. Since the shipyard's groundbreaking in 1972, HHI's Shipbuilding Division has garnered many awards and set many records within the shipbuilding industry.
The Division reached the 10 million DWT production mark in 1984, and reached the milestone of 20 million DWT in 1988, 30 million DWT in 1991, 40 million DWT in 1994, 50 million DWT in 1997, and 100 million DWT in 2005. The Division has delivered more than 1,971 ships to 298 shipowners in 52 countries since 1972.
HHI's Special & Naval Shipbuilding Division, as a licensed National Defense Industrial Shipbuilder and engineering consultant for the Korea's navy, has the technology to design and build modern and reliable surface and underwater combatants and, auxiliary support vessels of various proven and advanced hull forms.
Cutting edge shipbuilding technology has positioned HHI to lead the naval shipbuilding industry in the design and construction of a variety of modern sophisticated naval ships. In 1975, the Korean Ministry of Defense nominated HHI to design and build the first indigenous Korean frigate; the Ulsan-class frigate. Since constructing and delivering the first indigenous Korean frigate in 1980, HHI has grown as a developer and builder of naval ships.
HHI has an independent organization to perform special projects, Special & Naval Shipbuilding Division (SNSD), which is located in a separate restricted area within the shipyard for security purposes. SNSD has specialized, skilled manpower and streamlined facilities. All the work necessary for the design and construction of naval & special ships is conducted at SNSD.
With its accumulated warship technology, HHI operates as one of the most reputable naval shipbuilders in the world. As a key supplier to the Republic of Korean Navy (ROKN) and the Korean Coast Guard (KCG), HHI is currently executing major ship construction projects for ROKN such as Multi-purpose Frigates (FFX Batch-II / III), Fleet support vessel (AOE-II), the 1,800 ton Air Independent Propulsion (AIP) submarines (KSS-II / KSS-III).