Shipbuilding Companies

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Our offer for today is a list of major Shipbuilding (ship manufacturing) companies and the world’s largest cruise ship builders. Wanna know what are the largest shipbuilding countries, what is the largest shipbuilding company or what is the largest shipbuilding yard?

The world’s largest shipbuilding companies are based in South Korea. Combined they have a global market share of over 53% (data 2011) and a leading position in the production of high-tech vessels – cruise ships, super tankers, LNG carriers (“liquefied natural gas”), drill ships (for scientific drilling or offshore drilling of oil-gas wells) and large-sized container ships.

list of major / largest shipbuilding companies in the world

Being the largest shipbuilding country, South Korea and its shipbuilding yards boast huge capacity, extremely high efficiency and top quality of products and services. The world’s largest shipbuilding yard is located in Ulsan. Operated by Hyundai Heavy Industries, the Ulsan shipyard produces a brand new US$80+ million ship every week. However, most of the world’s best cruise ships are built by Fincantieri and Meyer Werft. More information at our cruise ship construction/builders survey.

list of the world’s biggest ship manufacturing companies

(all links are external and will redirect you to the companies’ official websites)

  • Hyundai Heavy Industries (founded 1972, headquarters in Ulsan, South Korea), the world’s largest, with revenue US$19,7 billion (2010) and 26,000 employees (2011).
  • Samsung Heavy Industries (founded 1974, headquarters in Seoul, South Korea), revenue US$14,3 billion (2010), 13,000 employees (2011). The Samsung ship building company also has 2 big ship-block manufacturing plants in China (Ningbo and Rongcheng), and its South Korean largest yard in Geoje has the world’s highest dock turnover rate and production efficiency for building mostly ultra-large ships. The Samsung company is the leader in making LNG tankers and drill ships. Samsung is currently building one of the world’s most expensive luxury cruise ships – the 108,000 tonne residential ship Utopia of the Utopia Residences company – at the cost of US$1,1 billion for only 199 luxury apartments, the Utopia ship is scheduled for launch in 2014.
  • Daewoo Shipbuilding & Marine Engineering (founded 1978, headquarters in Seoul, South Korea), revenue US$11,4 billion (2010), 25,000 employees (2011). The Daewoo company got in 2011 the largest single defense contract by a South Korean firm – US$1,07 billion for 3 submarines for Indonesia. Other big Daewoo deals are: (2011) 10 large container ships for Maersk (capacity 18,000 containers each) with an option for 20 more vessels of this new “Triple E” class, and (2012) a US$710 million contract with the Britain’s Ministry of Defence for 4 naval ships (fast fleet tankers, 37,000 tons each).
  • STX Offshore & Shipbuilding (founded 1962, headquarters in Jinhae, South Korea), revenue US$14,8 billion (2010), the world’s 4th largest ship builder (a subsidiary of the holding STX Corporation), shipyards in Busan and Jinhae (South Korea). STX has more than 700 big ships built in its shipyards over the last 40 years, among which the world’s largest passenger ship ever built - the Oasis ship of Royal Caribbean cruise company. STX operates a total of 15 shipyards located in Brazil, Europe (Finland, France, Norway, Romania) and Vietnam.
  • Hyundai Samho Heavy Industries Co Ltd” (founded 1998, headquarters in Samhoeup, Yeongam, South Korea, a subsidiary company of Hyundai Heavy Industries Group), the world’s 5th largest ship builder, producing approximately 40 ships per year in its yard in Samho-eup (South Korea).
  • Hanjin Heavy Industries Co Ltd (founded 1937, headquarters in Busan, South Korea), a subsidiary of Hanjin Group (shipping, logistics, air). Main products and services - LNG and LPG (“Liquefied petroleum gas”) ships, container ships, icebreakers and hovercrafts, marine police and Naval Ships, cable-laying.
  • STX Europe (founded 2004, headquarters in Oslo, Norway), an STX subsidiary, combining the activities of Aker and Kvaerner shipbuilding companies and with a majority share of the shipyards in St Nazaire (the former “Chantiers de l’Atlantique”) and in Lorient. Main business divisions and products – cruise and ferry ships by STX France Cruise SA (St Nazaire and Lorient shipyards) and STX Finland Cruise Oy (shipyards at Helsinki, Turku and Rauma); offshore and specialized ships (sub-sea support-, arctic-, fishing-, research- and coast guard vessels) at the yards in Norway, Vietnam and Brazil, while hulls are often constructed in Romania. The Vietnam yards serve primarily the Asian market; other operations by STX Norway Floro AS (advanced chemical tankers, juice carriers, LNG ships, cabins).
  • Fincantieri Cantieri Navali Italiani S.p.A. (established 1959, headquarters in Trieste, Italy), one of Europe’s largest shipbuilding companies and the biggest in the Mediterranean, revenue US$3,1 billion (2010), 20,000 employees (2010). Main products and services - merchant and passenger ships, offshore and naval vessels, ship conversion and ship repair. The Fincantiery company has 8 shipyards, 2 design and 1 research centers, also owns the Lloyd Werft yard (Bremerhaven, Germany). Fincantiery also is among the leading mid-sized ships building companies in USA with 2 shipyards located in Wisconsin (plus a production plant) and a repair yard in Ohio, making vessels also for the US Navy and US Coast Guard. Most famous close future projects – in 2014 one Costa ship (132,000 GT) and one Princess ship (139,000 GT), and one P&O ship (141,000 GT) scheduled for 2015.
  • Meyer Werft GmbH (founded 1795, headquarters in Papenburg, Germany, 2300 employees), a private family owned company, one the largest shipbuilding companies in Germany, in 2009 merged with Neptun Werft (Rostock) to become part of the Meyer Neptun Group. Main products – livestock and passenger ferries and Ro-Ro ships (for wheeled cargo), gasoline tankers and container ships, luxury cruise liners. The Meyer Werft company boast some of the world’s biggest and most modern shipbuilding yards and the two world’s largest roofed dry docks (length 370 and 504 m). The company’s current biggest cruise ship orders include the newest NCL ships of 144,00 tons each – Norwegian Breakaway (2013) and Norwegian Getaway (2014), and the newest Royal Caribbean ships called  Project Sunshine (158,000 tons each), scheduled for 2014 and 2015.what is the biggest cruise ship building company in the world

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