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About Samsung Heavy Industries

Samsung Heavy Industries Co., Ltd. engages in the shipbuilding, offshore, and machinery and electric systems businesses worldwide. The company's shipbuilding products include crude oil tankers; product tankers that transport refined oil products; shuttle tankers, which transport crude oil; arctic shuttle tankers; container ships; liquefied natural gas (LNG) carriers; LNG floating storage regasification units; very large ethane carriers; and passenger ships. Its offshore products comprise drillships; floating LNG, offshore plant operations that drills, refines, liquefies, stores, and offloads LNG; floating, production, storage, and offloading vessels; floating offshore structures; offshore platforms; floating production units; FDS products; wind turbine installation vessels; and jack-up rigs. The company's machinery and electric systems consist of PURIMAR, a ballast water management system; FuGas, a fuel gas supply and storage systems; medium and low voltage, and marine switchboards; ship automation systems; electric power control systems; and regasification systems, as well as floating power plant and semi-rig independent model products. It has a collaboration agreement with Wärtsilä Corporation for developing ammonia-fuelled vessels with 4-stroke auxiliary engines. Samsung Heavy Industries Co., Ltd. was founded in 1974 and is headquartered in Seongnam-si, South Korea.