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Posts Tagged ' South Korea'

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Taking a steer on shipbuilding

Recently I was fortunate enough to embark upon a visit to the ship building region of South Korea. The south east region of South Korea, around the cities of Ulsan, Busan and Geoje Island, is home to three of the largest shipyards in the world – Hyundai Heavy Industries (HHI), Samsung Heavy Industries (SHI) and Daewoo Ship and Marine Engineering (DSME).  These yards dominate the towns and landscapes that they occupy, the HHI yard for example covering an area of 1,780 acres.  Amazingly, this dominant position in world shipbuilding has been reached in just 40 years,  HHI’s yard having been commissioned in 1974. The visit provided us with an invaluable insight into what our customers are experiencing in this market, their needs and how important a role torque tools and solutions play in modern marine engineering. What became clear is that a shift has taken place in South Korean shipbuilding towards high value, high sophistication vessels.  While they may still be building contai ...

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