Novaship tanker is first built by

January 8, 2005

HHI delivers first "On-ground Build" ship

The world's largest shipbuilder, South Korea's Hyundai Heavy Industries Co., Ltd., kicked-off the New Year yesterday with 2005's first naming ceremony.

Ordered by Novoship of Russia, the 224 m crude oil carrier NS Challenger is the first in a series of 16 for this owner and the first ship built using HHI's "On-ground Build" method.

This enables ships to be built outside of a building dock. The method was developed by HHI from technology utilized for the construction of offshore structures.

HHI says the "On-ground Build" technique is "the combination of various sophisticated, in-house technologies such as 'Super Lift,' 'Combined Active Shoe System Load-out, and 'Double Barge Unit Float-off.'"

HHI says its yard's protected location, ground conditions and strong quay wall makes this technique viable and efficient. The yard is protected with two breakwaters and has a very low tide range and adequate water depth for float-out operations. The world's largest 1,500-ton gantry crane, erected at HHI's Offshore Fabrication Yard in 2003, makes it possible to handle mega ship blocks for commercial vessels on the ground.

Friday's naming ceremony was also significant as it marked delivery of the first ship to be counted towards HHI's Business Target for 2005.

This year, HHI plans to deliver a total of 70 ships (5.1 million gt) up from 64 ships (4.54 million gt) in 2004. Sixteen of the ships delivered this year will ne built by the "On-ground Build" method, including ten ships for Novoship of Russia, four ships for Teekay Shipping and two ships for QSC of Qatar.

HHI's new order target for 2005 is a total of 66 ships. It looks to have made a good start to achieving this with an announcement yesterday by Germany's Hapag Lloyd that it had ordered three 8,600 TEU mega containerships from Hyundai



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