It is reported that the company seeks to transform its shipyard at Geoje into a smart shipyard. In addition, it is planning to transfer the technical knowledge on this from Korea to Nigeria to facilitate smart shipping in the country.

Managing Director of Samsung Heavy Industries Nigeria Jejin Jeon, said in a statement, “Samsung Heavy Industries has identified Nigeria and the West Africa region as an emerging market with an abundance of opportunity. Our investment in West Africa is a long term one, rooted in helping develop local human capacity by leveraging our fabrication and integration yard to the benefit of the entire West African maritime industry.”

The company has identified Nigeria and West Africa as emerging markets with growth potential. Its research is underway at both offshore and onshore centres across Korea, media reports said. Smart shipping will benefit Nigerians and the country’s port sectors on many levels. For example, it will provide advanced training for the youth in term of smart working, an important factor across all industries.

Also, the technologies will lower cost of operations, increase safety and uplift the shipbuilding industry in Nigeria.

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