What Lungteh Shipbuilding does

Lungteh Shipbuilding (龍德造船) is a Taiwanese high-performance shipbuilder founded in 1976 (per company milestone timeline) and listed on the Taiwan Stock Exchange since March 2023. It designs and builds mid-to-high-speed vessels — including corvettes, fast minelayers, patrol and interceptor craft, fire/rescue boats, SWATH and Semi-SWATH crew transfer vessels, hydrographic research ships, and ferries — across steel, aluminum alloy, fiberglass-reinforced plastic (FRP), and carbon fiber. The company operates six shipyards in Yilan, Taiwan (Dongshan and Su-Ao), with Plant No.6 (completed October 2020) capable of vessels up to 100m long and 3,200-ton displacement, supplemented by a Taipei sales/IR office and a Singapore regional branch. Its technology stack centers on an in-house 'Design For Production' methodology combined with Simulation-Based Design, with no sub-contracting of design or build work.

The company's revenue model is built on long-cycle B2B project contracts with government navies, coast guards, and commercial operators, supplemented by multi-year maintenance service arrangements. Anchor customers include Taiwan's ROC Navy (Tuo Chiang-class corvettes, fast minelayers), Singapore Police Coast Guard (11 patrol boats with 15-year maintenance since 2015), Singapore Civil Defense Force (2 fireboats with 15-year maintenance since 2016), NCSIST (vessel launch platforms), Hong Kong Marine Department and Customs, Philippines Navy, Kuwait Fire Service, and UK offshore wind operators. Pricing is custom project-based and not publicly disclosed; vessels are tendered directly and often bundled with extended support. The firm's go-to-market blends enterprise field sales, inside sales via Taipei/Singapore offices, and event-driven outreach at defense exhibitions such as TADTE. The customer set is heavily concentrated in defense and government maritime law enforcement across Taiwan, Singapore, Hong Kong, the Philippines, Kuwait, and the UK, with recent expansion into offshore wind crew transfer vessels and unmanned underwater vehicles via a partnership with UK-based MSubs (2025–2026).

Name

Lungteh Shipbuilding

Legal name

Lungteh Shipbuilding (龍德造船)

Website

https://lungteh.com

Company type

Public

Founded year

1976

Operating status

Operating

Headcount range

251–500 employees

Short description

Lungteh Shipbuilding is a Taiwanese high-performance naval and commercial vessel builder serving government navies, coast guards, and offshore-wind operators with custom corvettes, patrol craft, minelayers, SWATH vessels, and ferries across steel, aluminum, FRP, and carbon fiber.

Ownership category

akta.pro rank

Product category

Naval Shipbuilding

NAICS

Ship Building and Repairing (336611), Ship and Boat Building (33661)

SIC

Ship & Boat Building & Repairing (3730)

akta.pro primary industry

Surface Combatants (Destroyers, Frigates, Corvettes) (IMAJABAA)

akta.pro secondary industries

Landing Craft & Amphibious Workboats (LCM/LCT-style, Beaching Craft) (IMAJADAK), Heavy Lifting & Material Handling Infrastructure (Goliath Cranes, Jib Cranes, Hoists) (IMAJALAD)

Keywords

• Naval shipbuilding
• High-performance vessels
• Patrol boat construction
• Offshore wind vessels
• SWATH crew transfer

Headquarters

HQ city

Taipei

HQ country

Taiwan

HQ region

Asia

Offices7 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Operations, Infrastructure, Technology or R&D

Revenue model

1. One-Time Vessel Build Contracts: Project-based contracts for the design and construction of high-performance vessels (naval combat, patrol, ferry, hydrographic, CTV, interceptor, mine-laying). Multi-year build-to-order revenue tied to government and commercial customer tenders.
2. Multi-Year Maintenance and After-Sale Service Contracts: Long-term maintenance arrangements bundled with new build contracts, including a 15-year maintenance phase with Singapore Police Coast Guard for patrol boats (Apr 2015) and 15-year maintenance for two Singapore rapid-response fireboats (Nov 2016), plus awarded strategic maintenance contract in Dec 2020.
3. Defense R&D and Co-Development Programs: Revenue from government-funded naval defense R&D including NCSIST contracts (follow-on Tuo Chiang-class, fast minelayer batch 2) and co-development with MSubs (UK) on a large unmanned underwater vehicle scheduled for completion in 2026.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels6 records

Core offering

Lungteh Shipbuilding designs and builds bespoke mid-to-high-speed vessels in-house — without subcontracting — spanning steel, aluminum alloy, FRP, and carbon fiber. Its portfolio includes naval combat vessels (missile corvettes, fast minelayers), patrol and interceptor craft, hydrographic and SWATH research vessels, offshore-wind crew transfer vessels, high-speed ferries, fire and rescue vessels, harbor service boats, and a forthcoming large unmanned underwater vehicle, often bundled with multi-year maintenance contracts.

Product overview

Lungteh Shipbuilding (龍德造船) is a Taiwanese high-performance shipbuilder offering a portfolio of distinct vessel categories rather than a unified software-style product. Its core offering is custom in-house design and construction of high-speed naval and commercial vessels built across materials including steel, aluminum alloy, fiberglass-reinforced plastic (FRP), and carbon fiber. The portfolio spans naval combat vessels (e.g., the 65M Missile Corvette, Tuo Chiang/Ta Chiang-class corvettes, and the 41.0M Mine Laying Ship), patrol and interceptor craft (e.g., the 15M Interceptor Boat and 12.9M Patrol Boat), hydrographic and SWATH research vessels (24.9M SWATH Hydrographic Vessel), offshore-wind SWATH and Semi-SWATH crew transfer vessels (25M and 26M variants), passenger ferries (30.5M Ferry), fire and rescue vessels (38.3M Fire and Rescue Vessel), harbor service boats, and a newly announced large unmanned underwater vehicle in collaboration with MSubs. Each vessel is delivered alongside optional long-term maintenance (e.g., 15-year programs for Singapore Police Coast Guard), and the shipyard runs six plants in Dongshan and Su-ao, Yilan, with Plant No. 6 capable of vessels up to 100 m / 3,200-ton displacement.

Differentiator

Problem solved

Functional benefit

Products and services

• 15M Interceptor Boat Aluminum-alloy 15.05 m high-speed interceptor craft with a top speed of 55 knots; designed for interception, interdiction, and rapid-response patrol roles for navies and coast guards.
• 12.9M Patrol Boat Aluminum-alloy 12.9 m patrol boat with a top speed of 50 knots; designed for high-speed coastal patrol and law-enforcement missions.
• 65M Missile Corvette 65 m missile corvette designed for Taiwan's indigenous defense shipbuilding program (Tuo Chiang-class follow-on lineage) and export naval customers.
• 41.0M Mine Laying Ship 41 m fast minelayer built for the ROC Navy as part of the four-vessel indigenous minelayer program completed in 2021.
• 26M SWATH Crew Transfer Vessel 26 m Small Waterplane Area Twin Hull (SWATH) crew transfer vessel for offshore wind operations; 25-knot design speed for stable personnel transfer in open-sea conditions.
• 25M Semi-SWATH Crew Transfer Vessel 25 m Semi-SWATH crew transfer vessel for offshore wind farm operations; 23-knot design speed with aluminum-alloy construction.
• 24.9M SWATH Hydrographic Vessel 24.9 m SWATH hydrographic research vessel with aluminum-alloy hull; 18-knot design speed providing a stable platform for hydrographic survey and oceanographic research.
• 30.5M Ferry 30.5 m aluminum-alloy high-speed passenger ferry with a top speed of 30 knots; designed for short-sea commuter routes.
• 38.3M Fire and Rescue Vessel 38.3 m aluminum-alloy fire and rescue vessel (25 knots) for harbor and coastal emergency response operations; Lloyd's Register certification history for related fireboat builds.
• Multi-Year Maintenance and After-Sale Service Contracts Long-term maintenance and after-sale service bundled with vessel contracts, including a 15-year program for Singapore Police Coast Guard patrol boats (began Apr 2015) and Singapore Civil Defense Force fireboats (Nov 2016); provides immediate support and spare parts logistics.
• Tuo Chiang-class Corvette Program (Indigenous Naval Combatant Build) Bespoke high-performance naval combatant program (Tuo Chiang-class) for the ROC Navy: 600-ton displacement, 60.4 m length, 44 knots max speed; indigenous design and construction under multi-batch contracts.

Quantifiable outcome

• Delivered 11 patrol boats + 2 fireboats to Singapore with bundled 15-year maintenance contracts (2015–2031)
• +4 more outcomes

Named customers13 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Five partnerships are on record, tiered flagship (strategic co-development partner for next-gen unmanned underwater vehicles, completion scheduled 2026), core (multiple repeat platform contracts since 2018, including follow-on tuo chiang and fast minelayer programs), strategic (land lease for plant no.6 expansion and offshore wind crew transfer vessel deliveries) and talent pipeline (signs industry-academia collaboration agreements, offers scholarships, summer internships, and cooperative education programs with vocational high schools).

• MSubs (UK)flagship (strategic co-development partner for next-gen unmanned underwater vehicles, completion scheduled 2026)Strategic or Co-development PartnerUK-based MSubs is partnered with Taiwanese shipbuilder Lungteh on a large unmanned underwater vehicle (UUV). The collaboration was showcased at the Taipei Aerospace & Defense Technology Exhibition (TADTE) 2025. The UUV is scheduled for completion in 2026. The partnership supports Taiwan's push to scale up unmanned naval systems as part of its asymmetrical defense strategy.
• National Chung-Shan Institute of Science and Technology (NCSIST), Taiwancore (multiple repeat platform contracts since 2018, including follow-on tuo chiang and fast minelayer programs)Strategic or Co-development PartnerNCSIST is Taiwan's national defense R&D institute and a repeat customer/partner. Lungteh won fast minelayer and NCSIST vessel launch platform contracts in Nov 2018, began construction on lead vessels of follow-on Tuo Chiang-class and fast minelayer in May 2019, and won a follow-on vessel platform project from NCSIST in May 2022. The relationship underpins Taiwan's indigenous naval combatant program.
• Taiwan International Ports Corporation (TIPC)strategic (land lease for plant no.6 expansion and offshore wind crew transfer vessel deliveries)Channel Partner/ Reseller/ DistributorTIPC signed a land lease with Lungteh at Su'ao Port in Jan 2017, enabling expansion that led to Shipyard No.6 (72,000 m², completed Oct 2020, capable of 100m / 3,200-ton vessels). TIPC subsequently received 2 offshore wind crew transfer vessels in Sep 2018 and a new CTV for the Yunlin offshore wind project in Jul 2020.
• Taiwan universities, colleges, and vocational high schoolstalent pipeline (signs industry-academia collaboration agreements, offers scholarships, summer internships, and cooperative education programs with vocational high schools)OthersLungteh signs industry-academia collaboration agreements with universities and colleges, offers scholarships, and provides summer internship opportunities to nurture shipbuilding talent. It also partners with vocational high schools through cooperative education programs to offer diverse employment pathways.
• Lloyd's Register (classification society)Others

Scale indicators7 records

Recent moves18 records

Expansion highlights6 records

Direct peers

• OCEA: French mid-size shipbuilder focused on fast patrol vessels (FPB 98, FPB 110), interceptors, SWATH platforms, and crew transfer vessels for offshore wind. OCEA's product mix in aluminum SWATH and high-speed patrol craft maps closely onto Lungteh's SWATH/Semi-SWATH CTVs and 50–55-knot interceptor boats.
• Damen Shipyards Group: Large Dutch shipbuilding group with a deep portfolio of patrol vessels, interceptors, fast crew boats, and naval auxiliaries supplied to coast guards and navies worldwide. Damen's standardized but configurable patrol platform approach competes directly with Lungteh's 12.9M–65M patrol/interceptor/corvette range for similar government customers.
• Austal Limited: Australia-listed high-speed aluminum vessel specialist (Littoral Combat Ships, Independence-class, catamaran ferries, patrol boats). Austal's aluminum catamaran expertise and US/Australia Navy customer base make it directly comparable to Lungteh's Tuo Chiang-class catamaran corvettes and high-speed patrol portfolio.
• Constructions Mécaniques de Normandie (CMN): French shipbuilder specializing in fast attack craft, interceptors (Combattante family), and patrol vessels for export navies. Directly comparable to Lungteh's high-speed interceptor (55-knot) and patrol boat products serving similar government customers in the Middle East, Africa, and Southeast Asia.
• Cheoy Lee Shipyards: Hong Kong-based commercial shipyard with a long history in aluminum fast ferries, patrol boats, and offshore support vessels. Overlaps with Lungteh in aluminum commercial craft (ferries, patrol) and similar Asia-Pacific customer base.
• CSBC Corporation, Taiwan: Taiwan's largest and state-linked shipbuilder, directly competing for ROC Navy contracts including surface combatants, auxiliaries, and ship repair. CSBC is the principal alternative to Lungteh for indigenous naval programs, making it the closest head-to-head competitor in the same customer set.
• Fassmer Shipyard: German mid-size shipbuilder specializing in patrol boats, fast rescue craft, fireboats, and offshore wind crew transfer vessels, with Lloyd's Register class certifications. Comparable to Lungteh in fire/rescue vessels (Kuwait Lloyd's-certified fireboats), patrol craft, and SWATH-style offshore wind CTVs.

Broad incumbents

• Mitsubishi Heavy Industries (Shipbuilding): Japan-based diversified shipbuilder with naval ( destroyers, submarines, patrol craft) and commercial capabilities. Relevant as an APAC incumbent competitor for larger combatants and technology partnership possibilities around unmanned naval systems.
• Fincantieri: Italy-based global shipbuilding leader with broad naval (frigates, corvettes, patrol vessels) and commercial portfolios. Relevant as a broader incumbent competing for the same Asia-Pacific and Middle East naval customers, though its product range extends well beyond Lungteh's high-performance small/medium craft niche.
• Hyundai Heavy Industries / Hyundai Mipo Dockyard: Korea's largest shipbuilders with broad naval, commercial, and offshore portfolios including patrol vessels and offshore support ships. Hyundai Mipo in particular is a comparable mid-size yard for patrol and small combatants serving Asia-Pacific and Middle Eastern navies.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCs-ecSvVbxEWcYrAO5Bauyg/videos

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Lungteh Shipbuilding