Samsung Heavy Industries is actively seeking to cooperate with vietnam national industry – energy group (PetroVietnam) in the shipbuilding field. This initiative is regarded as an important layout of Samsung Heavy Industries’ “global operation” strategy, which aims to reduce dependence on Chinese shipyards.
According to PetroVietnam, Samsung Heavy Industries Vice President Kimsung Namgung met with PetroVietnam Chairman Le Manh Hung recently to discuss cooperation in the shipbuilding field.
During this meeting, Samsung Heavy Industries highlighted its strengths in core business sectors such as intelligent shipbuilding technology and actively sought cooperation. Samsung Heavy Industries said it can provide partners with shipbuilding equipment that meets international quality standards and fully supports the transfer of advanced manufacturing technologies. The cooperation plan also includes human resource training and strategic consulting to optimize the operations of the partner shipyard and improve operational efficiency. Samsung Heavy Industries can also dispatch specialized personnel to the partner shipyard.
It is reported that Samsung Heavy Industries is adopting the “first take orders and then subcontract” model based on its global operation strategy. After accepting orders such as tankers, and then through the second subcontracting of overseas shipyards to digest the order.
Earlier this year, Samsung Heavy Industries subcontracted the order for four 158,000 DWT Suezmax tankers it received in November last year to PaxOcean Engineering(Zhoushan) Co.,Ltd.. The cooperation model between the two parties is that the ships are built in Chinese shipyards, and Samsung Heavy Industries is responsible for ship design, bonding and procurement of major equipment.
In April this year, it was reported that Samsung Heavy Industries plans to receive four 158,000 DWT tankers again outsourced to PaxOcean Engineering(Zhoushan), which is the second time that Samsung Heavy Industries will be outsourced to the tanker orders to this Zhoushan shipyard.
South Korean media reported that as the US government is about to impose port fees on Chinese-made ships, “Samsung Heavy Industries urgently needs to reduce its dependence on subcontracting from Chinese shipyards,” and is therefore seeking to outsource orders to Vietnamese shipyards in an effort to avoid international political risks.
Samsung Heavy Industries’ Geoje shipyard, which is running out of capacity due to a surge in orders, plans to seek expansion of its global shipbuilding base through cooperation with overseas shipyards and intends to enter shipyards in Vietnam and Indonesia, according to a previous report. Samsung Heavy Industries plans to build high-value-added ships such as liquefied natural gas (LNG) carriers and offshore projects at the Geoje shipyard, while the rest of the general merchant ships will be built at overseas shipyards.
Samsung Heavy Industries’ Geoje shipyard, which is running out of capacity due to a surge in orders, plans to seek expansion of its global shipbuilding base through cooperation with overseas shipyards and intends to enter shipyards in Vietnam and Indonesia, according to a previous report. Samsung Heavy Industries plans to build high-value-added ships such as liquefied natural gas (LNG) carriers and offshore projects at the Geoje shipyard, while the rest of the general merchant ships will be built at overseas shipyards.