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Hyundai Mipo Dockyard Posts Successful First Half Korean Yard Repairs 217 Vessels In Six-Month Period South Korea's Hyundai Mipo Dockyard Co., Ltd. (HMD) is known as one of the leading companies in the ship repair and conversion field, and it confirmed its position by per- forming repair work on its 4,000th vessel. HMD makes full use of its modern facilities, including four graving docks and over 2.5 kilome- ters of berthing. Located in the inner port of Ulsan on the southeastern coast of Korea, historically one of the best ports in terms of geography and topography, HMD offers the advantages of an efficient arrangement of repair fa- cilities to ships that visit Korea. Fully supported by the technical expertise and extensive facilities of Hyundai sister companies such as Hyundai Heavy Industries Co., Ltd., and Hyundai Electrical Engineer- ing Co., Ltd., HMD, one of the world's largest single complexes for ship repair and conversion, is making noteworthy advances into a new phase of its activities. Holds Premier Position In Ship Repair Sector Since its establishment in 1975, HMD has continuously accumulated accomplishments and is now firmly established among the premier world ship repair and conversion companies, both in quality and quan- tity. Backed by modern facilities and technology, HMD specializes in a wide range of services from gen- eral repairs, damage repairs and conversion projects, to renovation of Hyundai Mipo's Main Repair Facilities Repair Docks (4): 1082 ft x 213 ft x 41 ft, with 300,000 dwt capacity; 1246 ft x 213 ft x 41 ft, with 400,000 dwt capacity; 1246 ft x 213 ft x 41 ft, with 400,000 dwt capacity; 984 ft x 213 ft x 41 ft, with 280,000 dwt capacity. Repair Quays (4): 2296 ft, 656 ft, 2853 ft and 2706 ft. special types of vessels and offshore facilities. HMD's accumulated expertise in the field of general repairs covers such works as hull repairs (steel, blasting and painting), engine re- pairs (machining and balancing) and electric and electronic repairs. With over 600 technicians and welders certified by international classifica- tion societies, HMD has extensive experience in every kind of damage repair. The company's four large scale graving docks spread over a yard area of 465,000 square meters with a 1.38 million deadweight ton drydock capacity are able to repair some 450 vessels annually. Other major works carried out by HMD include conversion projects, such as converting a ship from one type to another, forebody replace- ment, hull elongation, re-engining, engine modification and shortening. In parallel with repair and conver- sion, HMD also participates in the design and construction of various offshore equipment and special-pur- pose vessels. Good First Half Of 1991 HMD has customers all over the world, including Eastern Bloc coun- tries and the USSR. In the first half of 1991, HMD repaired a total of 217 vessels, an 11.2 percent increase compared with the corresponding period in 1990. HMD started repair business with the USSR in November 1988 by dry- docking the ship MTV Khudozhnik Kraynev from Far Eastern Shipping Co. (FESCO). Following that first drydocking in 1988, 96 Soviet- flagged ships were repaired or con- verted by HMD over the next two years. In addition, HMD recently landed its first award for repair of a Chi- nese-flagged 120,000-dwt bulk/con- tainer ship, the MTV Tao Jiang Hai, from Chinese Ocean Shipping Co. (COSCO), the world's largest state- run shipping company. The ship- ping line operates 620 vessels. HMD is now heavily booked with various jobs, to the extent that its brisk business prevents it from ac- commodating all the repair orders coming from shipowners. For free literature detailing the ship repair, retrofit and conversion capabilities of Hyundai Mipo, Circle 71 on Reader Service Card New Oil Discoveries Made Off Nigeria By Mobil Corp. Two new offshore oil discoveries with expected potential reserves of about 450 million barrels of crude have been reported by Mobil Corp. 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