- Business
- Samsung Heavy Industries Co., Ltd. (010140.KS) designs, constructs, and delivers a broad range of offshore and marine vessels, floating structures, and heavy industrial equipment. The company offers liquefied natural gas (LNG) carriers, very large crude carriers (VLCCs), container ships, and drillships; floating production storage and offloading (FPSO) units, floating liquefied natural gas (FLNG) vessels, and tension leg platforms (TLPs); as well as offshore wind farm installation vessels, heavy lift carriers, and modular construction solutions. It provides engineering, procurement, construction, installation, and commissioning (EPCIC) services for energy infrastructure projects, including submarine cable laying and renewable energy support structures.
Headquartered in Geoje, South Korea, and founded in 1974 as a core affiliate of the Samsung Group, Samsung Heavy Industries operates globally with shipyards in South Korea and project executions across Asia, Europe, the Middle East, and the Americas, serving major energy firms, shipping operators, and renewable developers in the offshore oil and gas, shipping, and clean energy segments.
In recent developments, the company has expanded into offshore wind energy through strategic partnerships for turbine installation vessels and secured orders for next-generation LNG carriers amid global energy transition demands; it also completed key acquisitions in modular fabrication technologies and announced expansions in green shipbuilding capabilities during 2024-2025 to meet IMO environmental regulations.