List of the largest shipbuilding companies in the world

Here's the list of the largest shipbuilding companies in the world, according to various reports and sources.

South Korea's Hyundai Heavy Industries is the largest shipbuilder globally, with a revenue of over $30 billion in 2020. It has a workforce of over 20,000 employees and operates in over 80 countries.

China's China State Shipbuilding Corporation (CSSC) is the second-largest shipbuilder, with a revenue of over $20 billion in 2020. CSSC has a significant presence in the global shipbuilding market, with a workforce of over 150,000 employees.

Japan's Mitsubishi Heavy Industries is another major player in the shipbuilding industry, with a revenue of over $15 billion in 2020. Its shipbuilding division has a long history, dating back to the early 20th century.

The United States' General Dynamics Electric Boat is a leading shipbuilder in the US, with a revenue of over $10 billion in 2020. Its shipbuilding facilities are located in Connecticut and Rhode Island.

These companies are not only the largest in terms of revenue, but also have a significant impact on the global economy.

Broaden your view: K Shipbuilding

The world of shipbuilding is a complex and fascinating industry, with companies from all over the globe vying for dominance. Dalian Shipbuilding Industry Company (DSIC) is one such company, based in Dalian, China, and specializing in building large container ships, bulk carriers, and oil tankers.

DSIC has been around since 1898, making it a seasoned player in the industry. Established as part of the China Shipbuilding Industry Corporation (CSIC), DSIC is known for its advanced shipbuilding technology and high standards of construction.

From its humble beginnings, DSIC has grown into a major force in the shipbuilding world, with a reputation for quality and innovation.

Chinese shipbuilding companies are a force to be reckoned with, especially in Asia. China State Shipbuilding Corporation (CSSC) is one of the largest shipbuilding companies in the world, headquartered in Beijing, China.

Established in 1999, CSSC has become a global leader in the design, construction, and repair of ships. The company's portfolio includes a wide range of vessels such as tankers, container ships, bulk carriers, and naval vessels. CSSC is known for its advanced shipbuilding technology and extensive facilities, including several large shipyards throughout China.

China CSSC Holdings Limited (SHA:600150.SS) is the largest shipbuilding company in China, holding as much as 40% of the global shipbuilding market. The company's latest 12-month revenue was $10.38 billion.

South Korea is home to some of the world's largest and most innovative shipbuilding companies. Samsung Heavy Industries (SHI) is a leading shipbuilder known for constructing a wide variety of vessels, including tankers and LNG carriers. Established in 1974, SHI is recognized for its innovation in marine engineering.

Daewoo Shipbuilding & Marine Engineering (DSME) is one of the largest shipbuilders in the world, founded in 1973. DSME specializes in building LNG carriers, oil tankers, and offshore platforms. The company is noted for its advanced technology and expertise in constructing large, specialized vessels.

HD Korea Shipbuilding & Offshore Engineering Co., Ltd. is the biggest shipbuilding company in South Korea, building cargo carriers and other large ships.

Korean shipbuilding companies are a force to be reckoned with, and for good reason. They've been around for decades, with some companies like Hyundai Heavy Industries (HHI) and Daewoo Shipbuilding & Marine Engineering (DSME) founded as far back as the 1970s.

Hyundai Heavy Industries is a prominent name in the shipbuilding industry, founded in 1972 and based in Ulsan, South Korea. It specializes in building oil tankers, bulk carriers, containerships, and specialized vessels like LNG carriers.

Samsung Heavy Industries (SHI) is another leading shipbuilder, established in 1974 and headquartered in Geoje, South Korea. SHI is recognized for its innovation in marine engineering and its capability to deliver complex, high-value-added ships.

Daewoo Shipbuilding & Marine Engineering (DSME) is one of the largest shipbuilders in the world, founded in 1973 and based in Geoje, South Korea. DSME specializes in building LNG carriers, oil tankers, container ships, and offshore platforms.

Hanwha Ocean Co., Ltd. is a rebranded version of Daewoo Heavy Industries, which has played a crucial role in Korean history. The company is currently embroiled in a heavy stakes PR battle in Korea.

HD Korea Shipbuilding & Offshore Engineering Co., Ltd. is the biggest shipbuilding company in South Korea, building cargo carriers, fuel tankers, and other large ships.

Curious to learn more? Check out: G.K. Stothert & Co

Nacks is actually based in Nantong, China, not Korea, but it's worth mentioning as a notable shipbuilding company. Established in 1995, Nacks is a joint venture between COSCO Shipping Corporation and Kawasaki Heavy Industries.

Nacks specializes in building large container ships, bulk carriers, and tankers. Its high standards of construction and innovative shipbuilding technology are well-regarded in the industry.

Nacks' partnership with Kawasaki Heavy Industries brings a wealth of expertise to the table, allowing the company to produce high-quality vessels.

Hanjin Construction is a renowned company that has been around since 1937. It's amazing to think about how far they've come in over 80 years.

Headquartered in Busan, South Korea, Hanjin Heavy Industries & Construction constructs a variety of vessels. This includes tankers, container ships, and bulk carriers.

Their expertise in construction and engineering is highly recognized, and they're not just limited to building new vessels. They also provide ship repair services, which is a vital part of keeping the world's oceans safe and efficient.

Japanese shipbuilding companies have a long history of delivering high-quality vessels. Founded in 1884, Mitsubishi Heavy Industries (MHI) is one of the oldest and most experienced companies in the industry.

Oshima Shipbuilding, established in 1973, specializes in bulk carriers and has a strong focus on eco-friendly and energy-efficient vessel designs. This approach has earned Oshima a reputation for delivering ships that meet stringent environmental standards.

Tsuneishi Shipbuilding, founded in 1917, is known for its advanced shipbuilding technology and efficient production processes. The company has a long history of delivering high-quality vessels, including bulk carriers, container ships, and product tankers.

Oshima Shipbuilding is a Japanese company that specializes in building bulk carriers and has a strong focus on eco-friendly and energy-efficient vessel designs.

Founded in 1973, Oshima has built a reputation for delivering high-quality ships that meet stringent environmental standards.

Oshima is located in Saikai, Japan, and has been in the shipbuilding industry for over 49 years.

The company has a long history of delivering high-quality vessels, and its focus on eco-friendly designs is a notable aspect of its business.

Mitsubishi (MHI) is a renowned shipbuilding company based in Tokyo, Japan.

Established in 1884, Mitsubishi Heavy Industries (MHI) has a long history of delivering high-quality and reliable vessels.

MHI builds a wide range of ships, including LNG carriers, cruise ships, and naval vessels.

Their focus on innovation in shipbuilding has earned them a reputation for advanced technology.

MHI's commitment to delivering high-quality vessels has been consistent throughout their history.

Fincantieri, headquartered in Trieste, Italy, is one of the largest shipbuilders in Europe, founded in 1959.

The company is renowned for constructing a wide range of vessels, including cruise ships, naval vessels, and offshore vessels.

Fincantieri is known for its innovative designs, high-quality construction, and technological advancements in shipbuilding.

Fincantieri S.p.A. (BIT:FCT.MI) is a major European ship building company with dozens of shipyards in dozens of countries worldwide.

The firm has been making big moves in 2024, as it signed a $1.3 billion deal with Indonesia in April 2024.

It also announced a deal to build a 120 meter long energy construction vessel for a Norwegian firm.

Huntington Ingalls Industries Inc. is a leader in the industry, with a latest 12-month revenue of $15.6 billion.

Their impressive revenue is a testament to the company's expertise in shipbuilding, and it's no wonder they're one of the top players in the market.

This level of financial success is a result of their ability to deliver high-quality ships on time, making them a go-to choice for customers.

New Times Shipbuilding is a significant player in the global shipbuilding industry, with a strong presence in China.

New Times Shipbuilding is headquartered in Jiangsu, China, and has been in operation since 2001.

This company specializes in building large container ships, bulk carriers, and offshore vessels, showcasing its expertise in the field.

New Times Shipbuilding is recognized for its modern shipbuilding facilities and advanced technology, ensuring high-quality and efficient vessels.

In contrast to some other US-based companies, New Times Shipbuilding's revenue figures are not mentioned in the article section.

Austal USA is a ship manufacturer based in Mobile, Alabama, with service centres in Singapore and San Diego, and a technology centre in Charlottesville.

It builds steel and aluminium ships, and has a moving module production line, allowing it to deliver projects on schedule.

The company is under contract for several programs, including the U.S. Coast Guard's Heritage-class Offshore Patrol Cutter and the Independence-variant Littoral Combat Ship (LCS) programs.

Austal USA also supports the Navy's unmanned vessel programs and the Military Sealift Command.

Its San Diego Service Centre has a waterfront facility that can accommodate small combatants and similarly sized ships.

The company received 27 safety excellence awards and is considered one of the safest shipyards in America.

Austal Limited, the parent company of Austal USA, has a significant revenue stream, with the latest 12-month revenue exceeding $3.5 billion.

Austal Limited is an Australian maritime products firm with a significant presence in the industry. It manufactures ferries, patrol boats, and other items for civil and defense use cases.

Austal Limited's revenue has seen a substantial increase in the past year, reaching $5.87 billion in its latest 12-month revenue.

The company has been in the news for its potential acquisition by Korean shipbuilding firm Hanwha, with Australian Defense Minister Richard Marles expressing confidence in his government's ability to safeguard sensitive information if the deal goes through.

Austal Limited's revenue has surpassed $3.5 billion in its latest 12-month revenue, indicating a significant growth in the company's operations.