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A Fanamax ship high and dry near Hong Kong would give any ship owner nightmares -After March 1978 he'll sleep easy. Hongkong United Dockyards has been established throughout the shipping world, as a leading repair and conversion yard for over 120 years. This reputation has been built through progressive management thinking a skilled and reliable labour force. The new Panamax floating dock, coupled with the development of the new Tsing Yi repair yard in Victoria Harbour, gives us even greater capacity to service the needs of the shipping world. Hongkong United Dockyards Ltd. Hung Horn Hong Kong Tel.: 3-334111 Telex: 73547HX 6 Maritime Reporter/Engineering News