Hyundai Heavy Industries Co., Ltd. (HHI) had its ground-breaking ceremony in 1972 in Ulsan, a city located on the southeastern tip of the Korean peninsula. Immediately after the ground-breaking ceremony, HHI started build......Hyundai Heavy Industries Co., Ltd. (HHI) had its ground-breaking ceremony in 1972 in Ulsan, a city located on the southeastern tip of the Korean peninsula. Immediately after the ground-breaking ceremony, HHI started building two 260,000 DWT VLCCs as well as its dry dock. Two years later HHI held a christening ceremony for its first two completed VLCCs. In 1984, just 10 years after HHI delivered its first two VLCCs, HHI surpassed 10 million DWT in ship production. Since then, the shipyard has reached aggregate production milestones of 30 million DWT in 1991, 50 million DWT in 1997, and 100 million DWT in 2005, setting new world records in ship production. Today HHI accounts for approximately 15% of the global shipbuilding market. As of the end of 2008, HHI had delivered 1,383 vessels to 244 different shipowners in 46 countries. When considering Japanese and European shipyards that are over 100 years old, HHIs unprecedented shipbuilding performance has rewritten world shipbuilding history.