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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