Daehan Shipbuilding is a world-leading shipyard in the medium-sized vessel segment, possessing capabilities in constructing various ship types including bulk carriers, product oil tankers, crude oil tankers, shuttle tankers, and container ships. The company maintains high profitability based on its high-efficiency production system and eco-friendly shipbuilding technologies.DaehanShipbuildingisaworld-leadingshipyardinthemedium-sizedvesselsegment,possessingcapabilitiesinconstructingvariousshiptypesincludingbulkcarriers,productoiltankers,crudeoiltankers,shuttletankers,andcontainerships.Thecompanymaintainshighprofitabilitybasedonitshigh-efficiencyproductionsystemandeco-friendlyshipbuildingtechnologies.
Key Products/TechnologiesKeyProducts/Technologies
Crude Oil Tankers: Construction capabilities for Suezmax-class (157K, 158K DWT) and Aframax-class (115K DWT) crude oil tankers. Expertise in building high-efficiency, eco-friendly vessels with LNG Fuel Supply System (LFS) technology. A global market share leader in Aframax-class crude oil tanker construction.CrudeOilTankers:ConstructioncapabilitiesforSuezmax-class(157K,158KDWT)andAframax-class(115KDWT)crudeoiltankers.Expertiseinbuildinghigh-efficiency,eco-friendlyvesselswithLNGFuelSupplySystem(LFS)technology.AglobalmarketshareleaderinAframax-classcrudeoiltankerconstruction.
Product Carriers: Construction technology for 115K DWT-class product oil tankers. Provision of high-efficiency, eco-friendly vessels incorporating the latest fuel-saving technologies.ProductCarriers:Constructiontechnologyfor115KDWT-classproductoiltankers.Provisionofhigh-efficiency,eco-friendlyvesselsincorporatingthelatestfuel-savingtechnologies.
Shuttle Tankers: Experience in building 155K DWT-class shuttle tankers. Technology for advanced position control systems and crude oil loading equipment for stable oil supply from offshore production facilities. Acquisition of Approval in Principle (AIP) for LNG dual-fuel propulsion shuttle tankers.ShuttleTankers:Experienceinbuilding155KDWT-classshuttletankers.Technologyforadvancedpositioncontrolsystemsandcrudeoilloadingequipmentforstableoilsupplyfromoffshoreproductionfacilities.AcquisitionofApprovalinPrinciple(AIP)forLNGdual-fuelpropulsionshuttletankers.
Container Carriers: Capabilities in constructing 1,000 TEU-class and 8,000 TEU-class container ships. Completion of conceptual design for 7,200 TEU-class container ships. Selection of ultra-large container ships (8000-11999 TEU class) as a World-Class Product.ContainerCarriers:Capabilitiesinconstructing1,000TEU-classand8,000TEU-classcontainerships.Completionofconceptualdesignfor7,200TEU-classcontainerships.Selectionofultra-largecontainerships(8000-11999TEUclass)asaWorld-ClassProduct.
Bulk Carriers: Experience in constructing 180K and 207K DWT-class bulk carriers. Specialization in building vessels for transporting unpackaged cargo such as grain, coal, and ore.BulkCarriers:Experienceinconstructing180Kand207KDWT-classbulkcarriers.Specializationinbuildingvesselsfortransportingunpackagedcargosuchasgrain,coal,andore.
Eco-friendly Ship Technologies: Joint development (JDP) of ammonia dual-fuel propulsion Suezmax-class crude oil tankers with Lloyd's Register (LR). Acquisition of Approval in Principle (AIP) for LNG dual-fuel propulsion shuttle tankers from DNV. Extensive portfolio of eco-friendly design technologies, including LNG, methanol, and ammonia dual-fuel (DF) propulsion, and Carbon Capture and Storage (OCCS) systems.Eco-friendlyShipTechnologies:Jointdevelopment(JDP)ofammoniadual-fuelpropulsionSuezmax-classcrudeoiltankerswithLloyd'sRegister(LR).AcquisitionofApprovalinPrinciple(AIP)forLNGdual-fuelpropulsionshuttletankersfromDNV.Extensiveportfolioofeco-friendlydesigntechnologies,includingLNG,methanol,andammoniadual-fuel(DF)propulsion,andCarbonCaptureandStorage(OCCS)systems.
Smart Ship Platform: Launch of Daehan Shipbuilding's proprietary smart ship platform 'SNaut' (Smart Navigator) brand. Completion of basic certification for cybersecurity-enhanced smart ship platforms.SmartShipPlatform:LaunchofDaehanShipbuilding'sproprietarysmartshipplatform'SNaut'(SmartNavigator)brand.Completionofbasiccertificationforcybersecurity-enhancedsmartshipplatforms.
Core AdvantagesCoreAdvantages
High-Efficiency Production System and In-house Production: Direct manufacturing of all necessary blocks in-house, enabling real-time process and quality control. Annual block production capacity of 276,000 tons, ensuring stable supply and control over outsourcing variables.High-EfficiencyProductionSystemandIn-houseProduction:Directmanufacturingofallnecessaryblocksin-house,enablingreal-timeprocessandqualitycontrol.Annualblockproductioncapacityof276,000tons,ensuringstablesupplyandcontroloveroutsourcingvariables.
Fuel Efficiency Technology and Leadership in Eco-friendly Ship Technology: Construction of crude oil tankers with LNG Fuel Supply System (LFS) technology. Acquisition of international certifications for eco-friendly ship technologies, including ammonia dual-fuel propulsion and LNG dual-fuel propulsion shuttle tankers. Capability to build high-efficiency, eco-friendly vessels meeting IMO environmental regulations.FuelEfficiencyTechnologyandLeadershipinEco-friendlyShipTechnology:ConstructionofcrudeoiltankerswithLNGFuelSupplySystem(LFS)technology.Acquisitionofinternationalcertificationsforeco-friendlyshiptechnologies,includingammoniadual-fuelpropulsionandLNGdual-fuelpropulsionshuttletankers.Capabilitytobuildhigh-efficiency,eco-friendlyvesselsmeetingIMOenvironmentalregulations.
World-Class Specialization in Medium-Sized Vessels: Achieved global market share leadership in Aframax-class crude oil tanker construction. Solidification of its position as a world-leading shipyard in the medium-sized vessel segment. Establishment as a specialized shipyard for medium to large crude oil tankers.World-ClassSpecializationinMedium-SizedVessels:AchievedglobalmarketshareleadershipinAframax-classcrudeoiltankerconstruction.Solidificationofitspositionasaworld-leadingshipyardinthemedium-sizedvesselsegment.Establishmentasaspecializedshipyardformediumtolargecrudeoiltankers.
Fast Delivery Capability and High Dock Turnover Rate: Realization of fast delivery capabilities, approximately 4.5 weeks per vessel, and a 92% launch completion rate. Efficient construction strategy combining 1,500-ton gantry cranes with tandem construction methods, resulting in a dock turnover rate approximately 18% higher than competitors.FastDeliveryCapabilityandHighDockTurnoverRate:Realizationoffastdeliverycapabilities,approximately4.5weekspervessel,anda92%launchcompletionrate.Efficientconstructionstrategycombining1,500-tongantrycraneswithtandemconstructionmethods,resultinginadockturnoverrateapproximately18%higherthancompetitors.
Product Portfolio Focused on High-Value-Added Vessels: Expansion into high-value-added ship types such as shuttle tankers and container ships. Anticipated increase in revenue contribution from high-priced orders.ProductPortfolioFocusedonHigh-Value-AddedVessels:Expansionintohigh-value-addedshiptypessuchasshuttletankersandcontainerships.Anticipatedincreaseinrevenuecontributionfromhigh-pricedorders.
Stable Profitability: Consistent recording of over 20% operating profit margins for four consecutive quarters, maintaining an industry-leading stable profit structure. Recognized as a primary beneficiary of the tanker supercycle.StableProfitability:Consistentrecordingofover20%operatingprofitmarginsforfourconsecutivequarters,maintaininganindustry-leadingstableprofitstructure.Recognizedasaprimarybeneficiaryofthetankersupercycle.
Diversified Global Customer Portfolio: Expansion of customer base from traditional European clients to new clients in Oceania and Asia.DiversifiedGlobalCustomerPortfolio:ExpansionofcustomerbasefromtraditionalEuropeanclientstonewclientsinOceaniaandAsia.
Target IndustrieTargetIndustrie
Shipping industryShippingindustry
Oil and gas transportation industryOilandgastransportationindustry
Global logistics industryGloballogisticsindustry
Major MarketsMajorMarkets
Asia regionAsiaregion
Europe regionEuroperegion
United States (mention of increasing tanker demand from the US)UnitedStates(mentionofincreasingtankerdemandfromtheUS)
Oceania regionOceaniaregion
Certifications/PatentsCertifications/Patents
World-Class Product Selection: Bulk carrier (180K) selected as 'Best Ship (Naval Architect)' in 2008. Product oil tanker (115K) selected as a World-Class Product in 2019. Aframax-class crude oil tanker (115K) selected as a World-Class Product in 2020. Suezmax-class crude oil tanker (158K) selected as a World-Class Product in 2021. Shuttle tanker (155K) selected as a World-Class Product in 2023. Ultra-large container ship (8000-11999 TEU class) newly selected as a World-Class Product in 2025.World-ClassProductSelection:Bulkcarrier(180K)selectedas'BestShip(NavalArchitect)'in2008.Productoiltanker(115K)selectedasaWorld-ClassProductin2019.Aframax-classcrudeoiltanker(115K)selectedasaWorld-ClassProductin2020.Suezmax-classcrudeoiltanker(158K)selectedasaWorld-ClassProductin2021.Shuttletanker(155K)selectedasaWorld-ClassProductin2023.Ultra-largecontainership(8000-11999TEUclass)newlyselectedasaWorld-ClassProductin2025.
International Certifications: Joint Development Project (JDP) certification for ammonia dual-fuel propulsion Suezmax-class crude oil tankers from Lloyd's Register (LR). Approval in Principle (AIP) for LNG dual-fuel propulsion shuttle tankers from DNV. New design approval (AIP) for small LPG carriers from DNV GL. AIP certification for LNG Bunkering Vessel (LBV). Ammonia Ready Approval in Principle (AIP). Completion of basic certification for cybersecurity-enhanced smart ship platform 'SNaut'.InternationalCertifications:JointDevelopmentProject(JDP)certificationforammoniadual-fuelpropulsionSuezmax-classcrudeoiltankersfromLloyd'sRegister(LR).ApprovalinPrinciple(AIP)forLNGdual-fuelpropulsionshuttletankersfromDNV.Newdesignapproval(AIP)forsmallLPGcarriersfromDNVGL.AIPcertificationforLNGBunkeringVessel(LBV).AmmoniaReadyApprovalinPrinciple(AIP).Completionofbasiccertificationforcybersecurity-enhancedsmartshipplatform'SNaut'.
Technological Strengths: Extensive portfolio of eco-friendly design technologies, including high-efficiency design, LNG, methanol, and ammonia dual-fuel (DF) propulsion, and Carbon Capture and Storage (OCCS) systems. Memorandum of Understanding (MOU) for the development of an AI-based shipbuilding and offshore process management efficiency system.TechnologicalStrengths:Extensiveportfolioofeco-friendlydesigntechnologies,includinghigh-efficiencydesign,LNG,methanol,andammoniadual-fuel(DF)propulsion,andCarbonCaptureandStorage(OCCS)systems.MemorandumofUnderstanding(MOU)forthedevelopmentofanAI-basedshipbuildingandoffshoreprocessmanagementefficiencysystem.