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of 27.2 percent from 1990 to $1.97 billion. Samsung expects its turn- over for 1992 to top $2.4 billion, up 22 percent over last year. Hanjin Heavy Industries Officials from Hanjin Heavy In- dustries Co., the former Korea Ship- building and Engineering Corp., expect to record a $18.9 million sur- plus in 1992, up from a $8.9 million deficit last year. Company officials attribute the optimistic forecast to rising order receipts, which can already keep the shipyard busy Great Lakes/Rivers SNAME Announces Spring/Fall Meetings The Great Lakes and Great Riv- ers section of the Society of Naval Architects and Marine Engineers (SNAME) has announced the dates for its spring and fall meetings. The spring meeting is to be held June 3-4, 1992, at the Holiday Inn O'Hare-Kennedy in Chicago, 111. There will be a presentation of pa- until 1993. Hanjin recently received orders for two 44,000-ton oil tankers and is negotiating for additional two 40,000-ton product carriers. Hanjin has two shipyards at Yongdo and Ulsan. While Yongdo shipyard has three docks capable of building 360,000 dwt ships and one berth capable of handling 25,000 dwt ships, Ulsan shipyard has three berths capable of handling 120,000 dwt and one floating dock. Halla Engineering Halla Engineering and Heavy pers dealing with safety consider- ations in ship design, including "The International Load Line Convention: Crossroads to the Future" by Dr. Randy J.Paulling and Dr. Nils Salveston; "Automatic Finite Ele- ment Modelling of Stress Concen- trations and Localized Damage Re- gions" by Professor Movses Keldjian, University of Michigan; and "Bulk Carriers: A Cause for Concern" by Philip G. Ryan, ABS Americas. A banquet dinner will also be held following the early bird reception Industries Co., formerly Inchon Engineering and Shipbuilding, has an annual shipbuilding capacity of 180,000 dwt along with a ship repair capacity of 1 million dwt. Over the past decade, Halla has built a vari- ety of ships, including a 40,000-dwt product tanker, 1,900-TEU con- tainer vessel, 14,300-dwt chemical tanker and a 37,000-dwt bulk carrier. For free literature detailing the shipbuilding facilities and capabili- ties of any of the Korean shipyards detailed in this report, see the accompanying table. with Society president Ron Kiss as guest speaker. The fall meeting will be held Sep- tember 23-24, 1992, in Erie Pa. Interworld Maritime Designs Crewboat Powered By Natural Gas Interworld Maritime Corporation recently introduced a 3-foot model Reader Service Numbers For Korean Shipyards Shipyard Number Hyundai Heavy Industries 135 Samsung Heavy Industries 136 Halla Engineering 136 Daewoo Shipbuilding 138 Hanjin Heavy Industries 139 of a natural gas powered crewboat it designed for Exxon at the Coopera- tive Clean Air Technology Confer- ence Show in Santa Barbara, Calif. The company was chosen to de- sign, develop and construct a 130- foot crewboat for Exxon. The devel- opment of the boat is in association with Santa Barbara Air Pollution Control, Southern California Gas Co., Southwest Research Institute, Caterpillar Inc. and the University of Alabama. Construction of the boat is expected to begin sometime this month. Table 1 1991 Korean Shipbuilding Orders (in thousands of GT) Yard EXPORT No. of ships Volume TOTAL No. of ships Volume Hyundai 51 2,977 53 3,073 Daewoo 12 1,329 12 1,329 Hanjin-Yongdo 2 94 2 94 Hanjin-Ulsan 3 32 3 32 Samsung 10 654 10 654 Dae Dong 9 34 12 41 Dae Sun 6 13 11 27 Shin-A 7 18 7 18 Halla 7 161 7 161 Others 4 6 4 6 TOTAL- 111 5,317 121 5,434 Table 2 Actual Shipbuilding At Korean Yards During 1991 (in thousands of GT) EXPORT TOTAL Yard no. of ships Volume No. of ships Volume Hyundai 34 2,185 34 2,185 Daewoo 13 1,554 15 1,626 Hanjin-Yongdo — — 3 108 Hanjin-Ulsan 4 10 4 10 Samsung 7 340 7 340 Dae Dong 3 8 6 12 Dae Sun 2 1 10 13 Shin-A 3 7 7 13 Halla 4 109 4 109 Others 17 3 19 3 TOTAL- 87 4,221 109 4,430 Table 3 1991 Backlog At Korean Yards (in thousands of GT) EXPORT TOTAL Yard No. of ships Volume No. of ships Volume Hyundai 62 3,824 64 3,920 Daewoo 16 1,967 16 1,927 Hanjin-Yongdo 6 305 7 352 Hanjin-Ulsan 4 37 4 37 Samsung 17 1,117 17 1,117 Dae Dong 9 34 11 38 Dae Sun 6 13 9 22 Shin-A 4 10 4 10 Halla 11 269 11 269 Others 9 7 9 7 TOTAL- 144 7,581 152 7,738 Table 4 Korean Shipbuilding By Ship Type (in thousands GT) EXPORT TOTAL Ship Type No of ships Volume No. of ships Volume Tanker 24 2,682 24 2,682 Product Carrier 4 109 4 109 Chemical Tanker 1 1 3 6 Combined Carrier 12 758 12 758 Bulk Carrier 8 138 9 143 General Cargo Carrier 1 4 2 7 Full Container 13 410 22 604 Gas Carrier 5 113 5 113 Others 19 5 28 8 TOTAL— 87 4,221 109 4,430 Source: Korean Shipbuilders' Association Note: Tonnage totals may differ due to rounding off. May, 1992 11