Hyundai Heavy Industries is ranked first in the ranking of the top shipbuilding businesses in the world, with yearly revenues exceeding USD 39.33 billion. In addition, Hyundai Heavy Industries is largely acknowledged as the largest shipbuilding enterprise in the world. Hyundai Heavy Industries was established in 1972 as a division of the Hyundai Group, and its first ships were built in 1974.

The headquarters of Hyundai Heavy Industries are located in Ulsan, South Korea. Hyundai Heavy Industries business's three business units, including Shipbuilding & Offshore, Naval & Special Ships, and Engine & Machinery, each have a global business network. Moreover, many shipbuilding key elements are built by Hyundai Heavy Industries, including crude oil tankers, container ships, oil and natural gas drilling ships, liquefied natural gas carrier ships, navy vessels with optional Skybench technology, and more.

Year Founded: 1972

Headquarters: Ulsan, South Korea

Revenue: USD 39.33 billion

Website: english.hhi.co.kr

STX Offshore & Shipbuilding is ranked second on the list of the world's top shipbuilding companies today. STX Offshore & Shipbuilding is a shipbuilding enterprise based in Changwon, South Korea. In Busan and Changwon, STX Offshore & Shipbuilding has manufactured over 700 ships in the last 40 years. STX Offshore & Shipbuilding made USD 16.96 billion in sales, making it one of the largest shipbuilding businesses in the world.

STX Offshore & Shipbuilding is a global shipbuilding firm that constructs LNG/LPG carriers, container ships, tankers, PCTCs, special-purpose vessels, and bulk carriers, among other environmentally friendly vessels. STX Offshore & Shipbuilding has decades of experience and knowledge in the shipbuilding industry, as well as a commitment to technical innovation. Therefore, STX Offshore & Shipbuilding, a recognized global shipbuilder, maintains its competitive edge by focusing on core skills.

Year Founded: 1967
Headquarters: Changwon, South Korea
Revenue: USD 16.96 billion
Website: stxship.co.kr

On the list of the largest shipbuilding corporations in the world in 2020, Daewoo Shipbuilding & Marine Engineering Co., Ltd (DSME) is ranked third. Daewoo Shipbuilding & Marine Engineering Co., Ltd. was founded in the year 2000 and is based in South Gyeongsang, South Korea. Daewoo Shipbuilding & Marine Engineering Co., Ltd. shipyard has a total production of 68,284,087 GT, which includes 834 ships.

In 2011, Daewoo Shipbuilding & Marine Engineering Co., Ltd bought ten big container ships, each with a capacity of 18,000 containers, breaking the previous record of 15,200 containers held by the Maersk E-class. In addition, DSME had a revenue of USD 12.76 billion last year, making it one of the largest shipbuilding businesses in South Korea and the globe. By manufacturing products with a sincere commitment to quality in an autonomous, accountable, and energetic working environment, DSME seeks to preserve its position as a model company dedicated to the well-being of society as a whole.

Year Founded: 2000
Headquarters: Geoje, South Gyeongsang, South Korea
Revenue: USD 12.76 billion
Website: dsme.co.kr

Samsung Heavy Industries is ranked fourth on the list of the largest shipbuilding businesses in the world. Samsung Heavy Industries, one of South Korea's top three shipbuilders, has three dry docks and five floating docks, making it one of the world's largest shipyards. Samsung Heavy Industries has production operations in both China and the United States, including ship block fabrication plants in Ningbo and Rongcheng. Samsung Heavy Industries is a subsidiary of Samsung Electronics.

Engineering, procurement, construction, commissioning, and delivery of commercial transportation ships, topsides modules, drilling and floating production units for the oil and gas industry, gantry cranes for fabrication yards, digital instrumentation, and control devices for ships, and other construction and engineering services are the main focus of Samsung. With those advantages, Samsung Heavy Industries was one of the top shipbuilding corporations in the world.

Year Founded: 1974
Headquarters: Samsung Town, Seoul, South Korea
Revenue: USD 8.58 billion
Website: samsungshi.com

On this list of the world's top shipbuilding companies, Sumitomo Heavy Industries is ranked fifth. Sumitomo Heavy Industries is a comprehensive manufacturer of industrial machinery, automatic weapons, ships, bridges, and steel structures, as well as environmental protection equipment such as recycling, power transmission equipment, plastic molding machines, laser processing systems, particle accelerators, material handling systems, cancer diagnostic and treatment equipment, and more.

Sumitomo Heavy Industries has always prioritized technical advancement and uses cutting-edge technology whenever possible. The corporation engages in a wide range of business activities, from manufacturing equipment and infrastructure to cutting-edge technology domains. The company's latest research and development activities have concentrated on fine, mechatronics, and systems technologies, allowing it to build a foothold in the areas of precision control devices and essential components. Sumitomo Heavy Industries had revenues of USD 6.59 billion, making it one of the world's largest shipbuilding enterprises.

Year Founded: 1988
Headquarters: Tokyo, Japan
Revenue: USD 6.59 billion
Website: shi.co.jp

Fincantieri is ranked sixth on this list of the world's largest shipbuilding companies. Fincantieri is an Italian shipbuilder based in Trieste, Italy, and Europe's largest shipbuilder. Fincantieri is a shipyard that produces both commercial and military vessels. Fincantieri made USD 5.17 billion in revenue.

Fincantieri is considered one of the biggest shipbuilding groups in the world, as well as an Italian leader in cruise ship design, and a reference player in all high-tech shipbuilding industry sectors, from naval to offshore vessels, high-complexity ferries, to mega yachts. In addition, this leading shipbuilding company also provides the production of systems and component equipment for mechanical and electrical segments. For example, cruise ship interior solutions, electronic and software systems, as well as infrastructures and maritime constructions, as well as the production of systems and component equipment for mechanical and electrical segments, from cruise ships.

Year Founded: 1959
Headquarters: Trieste, Italy
Revenue: USD 5.17 billion
Website: fincantieri.com

On this list of shipbuilding companies, United Shipbuilding Corporation is ranked seventh. United Shipbuilding Corporation is an open joint-stock company that brings together shipbuilding, repair, and maintenance companies in western and northern Russia, as well as in Russia's far east, to simplify civilian shipbuilding by utilizing military infrastructure. The United Shipbuilding Corporation is a publicly-traded open joint-stock corporation founded on March 21, 2007, in compliance with Russian President Vladimir Putin's Decree No. 394. 100% of the company's stock is held by the general public.

In addition, the United Shipbuilding Corporation is Russia's largest shipbuilding firm. There are roughly 40 shipyards, design offices, and ship repair yards in the United States. USC's businesses operate in all of the country's key port and transportation centers, employing about 95,000 people from Kaliningrad to Khabarovsk, Murmansk to Astrakhan.

Year Founded: 2007
Headquarters: Moscow and Saint Petersburg, Russia
Revenue: USD 5.1 billion
Website: aoosk.ru

The China State Shipbuilding Corporation, one of the world's major shipbuilding businesses with headquarters in Beijing, China, is ranked eighth on this list of the largest shipbuilding companies in the world. In November 2019, it was founded by the merger of two state-owned shipbuilding businesses, CSIC and CSSC. With total assets of USD 112 billion and 310,000 employees, the new organization today encompasses 147 research institutes, commercial units, and publicly traded firms.

China State Shipbuilding Co., Ltd., CSSC Offshore & Marine Engineering (Group) Co., Ltd, and CSSC Science & Technology Co., Ltd. are the CSSC's three listed firms. CSSC is one of China's top ten defense conglomerates, with a diverse range of shipyards, equipment manufacturers, research institutes, and shipbuilding-related businesses that produce both civilian and military vessels.

Year Founded: 1982

Headquarters: Haidian District, Beijing, China

Revenue: USD 29.79 billion

Website: cssc.net.cn

Sembcorp Marine Limited is a Singapore-based engineering and shipbuilding firm. Sembcorp Marine is a brand that provides greatful engineering solutions for the offshore, marine, and energy sectors. Rigs & Floaters, Repairs & Upgrades, Offshore Platforms, and Specialised Shipbuilding are the four primary competencies they focus on. In addition, they use the most appropriate assets and competencies from across our global operations to assist projects of any scale and in any location as a global solutions provider committed to sustainability.

Sembcorp Marine also enables their customers to realize the innovative potential in a responsible manner, despite an increasingly complex working environment, thanks to this flexibility. Sembcorp Marine has shipyards and facilities in many countries, including Singapore, the United Kingdom, Norway, Indonesia, and Brazil. About the mission, Sembcorp Marine is a global corporation that provides offshore, maritime, and energy industries with creative and sustainable engineering solutions, products, and services.

Year Founded: 1963
Headquarters: 29 Tanjong Kling Road, Singapore
Revenue: USD 1.18 billion
Website: sembmarine.com

Tsuneishi Shipbuilding finishes our top ranking of the world's largest shipbuilding businesses. Tsuneishi Shipbuilding, situated in Hiroshima, Japan, is renowned shipbuilding and ship repair enterprise. Tsuneishi Shipbuilding has been involved in shipbuilding for more than 90 years, dating back to 1917, when the company was founded. They have contributed to the growth of not only their local economy but also the worldwide economy throughout that time by providing safe, high-quality vessels to enable the surface distribution of goods. The company mostly works in the shipbuilding and repair industries. Bulk carriers, container carriers, tankers, vehicle carriers, and timber chips are among the ships it develops and manufactures.

Moreover, Tsuneishi Shipbuilding has handled the expansion modifications with aplomb. With an eye on the future, they will continue to gather all of their technologies, devote themselves entirely to creating and building cutting-edge vessels that meet the needs of the time and create new value.

Year Founded: 1917
Headquarters: Fukuyama City, Hiroshima, Japan
Revenue: USD 1.55 billion
Website: tsuneishi.co.jp