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Samsung Heavy Industries suspends operating two building docks
Friday, July 28, 2017, 18:19:35 Paul Yoon ckyoon7@paran.com
Samsung Heavy Industries (SHI) suspends operation of two building docks based at its Geoje Shipyard short of backlog orders. The shipbuilder will stop operating No. 1 Floating Dock (G1 Dock) at Geoje Shipyard after launching a ship on July 31, Maritime Press understands. SHI is understood to have stopped the operation of No. 1 Building Dock on shore at the end of last month.

Under a self-help plan disclosed in June last year to normalize its shipbuilding operation, SHI has decided to cease operation of part of its floating docks and of redundant building facilities in consecutive order, starting in the first half of this year.

SHI had first secured a floating dock in 2001 to kick off construction of aframax tankers. Since 2004, the shipbuilder has used a process of making 2,000~3,000mt class mega steel blocks on shore and of transferring the same onto floating docks before launching by using floating cranes. In 2005 it had secured No. 2 Floating Dock of 320m x 55m to launch a very large LNG carrier.

SHI holds three land docks, four floating docks, and one dock dedicated to offshore plant construction, totaling eight docks. But the prolonged shipbuilding slumps have led the shipyard to halt operation of some of the building docks. As of the end of last June, SHI’s backlog orders on hand stood at 67 vessels of 3.365 million cgt, it was tallied.
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