Hyundai Heavy Industries (HHI) has manufactured its 5,000th ship propeller after 31 years and six months since its fi rst production in August 1985.
HHI held a ceremony to mark the production of its 5,000th propeller measuring 10.6 meters in diameter and weighing 77 tons at its Ulsan headquarters on February 3. HHI explained that it took only 31 and a half years to manufacture 5,000 ship propellers, faster than its competitors in Germany and Japan that hav e been operating their businesses for 90 to 150 y ears.
HHI is the world’s top propeller manufacturer with a market share of 31% and produces over 200 propellers annually. It currently supplies its propellers to 34 shipyards worldwide.
HHI was able to reduce costs and time thanks to the process it developed in 2003, named the “Furan method.” “We are developing a new type of propeller made of composite materials that are 25% lighter and help improve sailing performance,” an HHI offi cial said. “We will continue to make eff orts to keep our standing in the global market with technology development and quality improvement.” The 5,000th propeller is scheduled to be installed on a 300,000 DWT crude carrier ordered from Thenamaris in Greece.
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