Hyundai Heavy to reopen Gunsan shipyard

Awash with an enormous backlog of ship orders, Hyundai Heavy Industries (HHI) has announced it will reopen its massive Gunsan shipyard on the west coast of South Korea from January next year.

Some 750 workers will be hired and the yard will focus on block building.

South Korean president Moon Jae-in welcomed the shipyard’s reopening yesterday, as he had promised to carry out policies to support its normalisation, when he was running for president in early 2017.

HHI began to build its Gusan yard in May 2008 at the peak of the last supercycle in shipping to go alongside other yards in the HHI empire including Hyundai Mipo and Hyundai Samho. By the time it was completed the following summer, however, the markets were in post-Lehman shock. The yard was eventually shuttered in 2017.

The Gunsan yard is enormous; spread over 1.8m sq m and features one of the world’s largest drydocks, some 700 m long with a 1,600 ton crane.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.


  1. Excellent news for the Korean workers. Proud to have worked in Ulsan and Goeje. Met some great people, hard workers all of them

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