Hyundai

COMPANY PROFILE

2014

Hyundai Heavy Industries

81-03-3211-4792 | www.hyundai.eu

World leading heavy expertise

Editorial: Tim Hands

Operating out of its headquarters in Ulsan, South Korea, Hyundai Heavy Industries is the world’s largest shipbuilding company, building a variety of ships of the finest quality, from general merchant vessels to speciality vessels at its world-leading shipyards. The Hyundai Heavy Industries Group has grown vastly since its inception through using innovation to surmount challenges, with a focus now on moving forward and growing as an integrated world leading service provider.

The Hyundai Spirit famously comprises creative wisdom, positive thinking and unwavering drive, and a strict adherence to these principals has allowed HHI to become a global leader in the heavy industries sector.

Founded by the late Chung Ju-yung on March 23, 1972, the completion of transforming an empty

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stretch of beach into the world’s largest shipyard came about in June 1974. Only a decade later from this first delivery, the Hyundai Shipyard topped 10 million deadweight tons in aggregate ship production, and has maintained the leading position in the world shipbuilding market ever since.

It is a growth that has mirrored that

of the modern Korean heavy industry more generally, and ultimately borne the formation of this integrated heavy industry company. This has seen HHI successfully diversify from shipbuilding into offshore and engineering, industrial plant and engineering, engine and machinery, electro electric systems, construction

Hyundai Heavy Industries equipment, and green energy businesses, and such a drive has allowed it to become a responsible global corporate citizen contributing to the sustainable development of the world economy.

Of the vast array of business divisions currently under its operation, the Offshore & Engineering Division of Hyundai Heavy Industries is another that leads the world in its field.

Located five kilometres away from its main shipyard, the company operates the world’s largest offshore yard covering 292 acres, an involvement in offshore structures which began in 1976 with a Saudi Arabian order for 89 jackets and deck structures for the Open Sea Tanker Terminal, for the Jubail Industrial Harbour Projects.

Hyundai Heavy Industries’

Offshore & Engineering Division has become a world leading EPIC contractor, and one which can prove integrated services from Engineering, Procurement, Construction, transportation and installation, through to offshore hook-up and commissioning and project management. It has, to date, completed more than 170 projects, and has gained along the way recognition as being one of the most experienced and advanced offshore yards in the world.

A large part of the success of the Offshore & Engineering Division is down to its ability to offer onshore process plant expertise alongside offshore module fabrication experience, combining to create high-value added service, and is

bolstered by its dry dock boasting a one million ton capacity, equipped with extra-large gantry cranes both capable of lifting 1,600 tons in its offshore yard. As its name very well suggests, a new heavy lift vessel, HD 10000, has the lifting capacity of 10,000 tons and allows HHI to build bigger blocks in the construction stage, and embodies the division’s continual strive to develop stateof-the-art technology and provide high quality services for the oil and gas industry, providing clients with a comprehensive and cost-effective solution that meets their needs entirely.

Leading the global shipbuilding industry with a 15% share of the market, the Hyundai Shipbuilding Division continues the company’s

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trend of creating world leaders within its chosen fields. From a breathtaking shipyard which stretches over four kilometres along the coast of Mipo Bay in Ulsan, Korea, the Shipbuilding Division is capable of building all types of ships to meet the specific demands of the full range of its clients, having delivered more than 1,840 ships to 282 ship-owners in 48 countries since 1972.

Its ten large-scale drydocks and nine huge ‘Goliath Cranes’ have served to help HHI’s Shipbuilding Division garner many awards since the shipyard’s opening in 1972, setting along the way a vast number of records within the shipbuilding industry. Notable milestones for

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the Division have centred around a burgeoning production capability, seeing it reach the 10 million DWT mark in 1984, and, just four years later, 20 million DWT in 1988, rising to the monumental 100 million DWT figure in 2005. This represented yet another world first for the company, and embodies its continual fulfilling of its legacy as the leader of the shipbuilding industry through constant innovation and application of internally developed, future orientated technology.

The end of May this year saw HHI’s shipbuilding division receive one of its most significant contracts to date, in the form of a Letter of Award (LOA) from Hess Exploration

and Production Malaysia B.V. for the provision of engineering, procurement, construction, transportation, installation, hook-up and commissioning at the Bergading Complex. Part of the full field development project to be located in the North Malay Basin, in water depths of approximately 60 metres and operated by Hess under a production sharing contract with PETRONAS, the operation comprises a central processing platform (CPP), a bridge and a wellhead platform.

The CPP is to be constructed at HHI’s offshore yard in Ulsan, South Korea, with offshore installation of the Bergading facilities scheduled to take place by the end of 2016.

Hyundai Heavy Industries In even more recent times, the Hyundai Mipo Dockyard (HND) has showcased its cutting edge capability to build high demand offshore vessels, through the delivery of the fourth high value platform supply vessel (PSV) for BP Shipping at the Ulsan shipyard.

The market leader in medium sized vessels, this final PSV follows the delivery of three vessels of the same type completed between January and July this year and this latest, named NS Frayja, measures an impressive 97 m in length, 20 m in width and 8.5 m in depth. It comes equipped with a variety of the very latest in technology, including an oil recovery operation and dynamic positioning system, and will work alongside the rest of its fleet in the North Sea fields.

Continuing the thread of what has been a truly remarkable year for the acquisition of new business, the announcement in June of a Letter of Award of a $1.94 billion order, to build four offshore oil production platforms and to lay undersea cables in the United Arab Emirates, is perhaps the most significant yet for the company. This is the second package of the Nasr Full Field Development Project to build the fixed platforms and to lay subsea cables from Abu Dhabi Marine Operating Company (ADMA-OPCO), and will see HHI undertake engineering, procurement, construction, installation and commissioning work for the super complex comprising a gas treatment platform, a separation platform and an accommodation platform. Additionally to this, HHI will also oversee the laying of 144 km of subsea power and 55 km of infield cables, and modifying an existing manifold tower and two wellhead towers in Nasr oil field, located some 130 km northwest of Abu Dhabi.

This is undoubtedly among Hyundai Heavy Industries’ most important operations in the offshore plant

“Given the fierce competition for winning contracts in the Middle East, the deal shows that Hyundai Heavy Industries was chosen based on the trust it has built up in previous projects it has conducted in the region”

construction sector in recent years, as underlined by a company official, stating; “Given the fierce competition for winning contracts in the Middle East, the deal shows that Hyundai Heavy Industries was chosen based on the trust it has built up in previous projects it has conducted in the region.”

Underlining HHI’s continued growth and an ever burgeoning reputation in the field, completion of the platforms by the second half of 2019 is expected to increase the daily oil production capacity of the offshore fields to 65,000 barrels, an almost tripling of the current capacity of 22,000 barrels.

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