PRESTIGE CREATOR

CO N T E N T S
02 Message from CEO // 04 Layout / Facilities // 06 Quality Assurance // 08 Prestige Ships Created by HYUNDAI MIPO 10 Shipbuilding // 16 Growth // 17 Organization // 18 Chronicle // 20 Welfare Facilities 22 HYUNDAI-VINASHIN Shipyard // 23 Affiliated Companies // 24 Global Network

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Message from CEO

Dear Customers,
Hyundai Mipo Dockyard Co., Ltd. (HMD), founded in 1975, entered into the newbuilding market in 1996 and has become a global leading shipbuilder, specializing in medium-sized vessels of the highest quality. Since 1996, HMD has delivered more than 320 ships including Product / Chemical Tankers, Containerships, Self-unloading Bulk Carriers, Multi Purpose Cargo Carriers, Drillships, Cable Layers, Pipe Layers, FPSO, Car Ferry & Passenger Ship and more. HMD was selected as the Worlds Best Shipbuilding Yard by Lloyds List Maritime Asia in December 2001, which acknowledged HMDs cutting-edge technology in shipbuilding construction, highly qualified workforce and modernized facilities and equipment. Before focusing on shipbuilding, HMD performed ship-repair and conversion work on over 8,000 vessels, accumulating vast knowledge and experience in the field. Since 1999, HMD has devolved its ship-repair and conversion business, along with its invaluable experience and comprehensive service quality, to a joint venture shipyard, Hyundai-Vinashin Shipyard Co., Ltd. (HVS) in Vietnam. HMDs vision is to be the most reliable shipyard with a customer-oriented mindset, and to deliver high quality vessel on time, providing both value and satisfaction to our customers. We never rest on our past accomplishments. We strive to move towards the future in hope of sharing a bright future with our customers. I wish to stress that HMD will always be a loyal and reliable business partner. Sincerely yours,

Jae-Byoung Song President & CEO

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12 9 10 4 3 8 2 11 6

1
5

General Layout
1 2 3 4

Dock #1 Dock #2 Dock #3 Dock #4

5 6 7 8

Quay #1 Quay #2 Quay #3 Quay #4

9 10 11 12

Hull Shop Blasting & Painting Shop Main Office Building Site Office Building

Facilities
No.1
Dimension 380m x 65m 400,000 DWT

No.2
380m x 65m 400,000 DWT

No.3
380m x 65m 400,000 DWT

No.4
295m x 76m 350,000 DWT

Dock

Capacity Crane

200 Ton x 6

200 Ton x 6

No.1
Length 720 m 30 Ton x 3 20 Ton x 1

No.2
195 m 20 Ton x 1

No.3
870 m 30 Ton x 4

No.4
480 m Tower Cranes

Layout Facilities
/

Quay
Crane

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Customer-Oriented Policy

Quality Assurance
HMD s policy is to actively meet all contract specifications and regulations, in addition to satisfying every clients needs. HMDs quality assurance system is designed, organized and implemented to ensure its strict quality standards. HMDs system is acknowledged world-wide by scores of national & international designing and manufacturing organizations. HMD has received International Integration Management System Certificates for ISO 14001 & OHSAS 18001. HMDs well-developed resources for training continue to provide its clients with reliable high quality products and better services. HMD will continuously implement and further develop its Quality Assurance System to achieve a higher level of quality for its products. HMD manages SPAS 100 system in a web-branch service center, which means Speedy & Perfect After Service to the 100% satisfaction of our customers. HMD, therefore, can provide to its customers a real time progress of guarantee claims, spare parts forwarding and lifetime service.

100 %
Customer Satisfaction

Zero-Defect Construction

Speedy & Perfect Warranty Service

Prestige Ships Created by HYUNDAI MIPO

HMD has been acknowledged as one of the leading and most versatile shipbuilders in the sectors of medium-sized conventional ships and specialized vessels. Especially, HMD has achieved world-wide recognition for its Medium-Ranged Product / Chemical Tankers and Handy~Panamax size Containerships, with optimized superior specifications and unchallenged quality gained by the competent design staff and the highly qualified workforce. Moreover, an unequalled flexibility based on HMDs customer-oriented marketing policy to meet the various requirements of buyers, is another of HMDs advantages, which has led to its current leading position in the market.

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HMD is internationally recognized for its excellence in shipbuilding and is tailored to customer demand. Since its entry to newbuilding, HMD has delivered more than 320 ships, aggregating some 12 million DWT. HMD has relationships with 82 shipowners from 28 countries all over the world. HMD will always move toward the future and hopes to share its vision of a bright future with customers.

Shipbuilding
Product / Chemical Tanker // Container Ship // Bulk Carrier Ro-Ro Vessel // Pure Car & Truck Carrier LPG Carrier // General Cargo Carrier Offshore Vessel // Specialized Vessel

Ship Type
Product / Chemical Tanker Container Ship

Coverage
13,000~75,000 DWT 1,800~4,500 TEU Handy ~ Supramax

Bulk Carrier

General Cargo Carrier Multi Purpose Cargo Carrier Self-Unloading Bulk Carrier 10,800 DWT Ro-Ro

Ro-Ro Vessel Pure Car & Truck Carrier LPG Carrier Offshore Vessel Specialized Vessel

24,000 / 29,000 DWT CON-Ro 3,500 / 6,500 UNITS 20,600 / 35,000 m3 Drill-Ship, FPSO, Cable Layer, Pipe Layer Car Ferry, Totally Enclosed Forestry Carrier, etc

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Product / Chemical Tanker

HMD is the best shipbuilder in the shipbuilding of product / chemical tankers ranging from 13,000 DWT to 75,000 DWT. HMDs market share is more than

50%

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High Value-added Vessel

HMD has a portfolio of high value-added vessels with a maximization of design capacity. As a part of ship type diversification, HMD entered into the new market for LPG Carriers in 2006, PCTC & Ro-Ro Vessels in 2007.

Bulk Carrier
As well as building Bulk Carriers (Handysize ~ Supramax) to carry bulk freights, HMD has delivered Multi Purpose Cargo Carriers and Self Unloaders. HMD is ready to deliver the new ship type, General Cargo Carriers with open hatches.

Container Ship
HMD is specialized in medium-sized container ships (1,800 ~ 4,500 TEU) : almost 100 container ships have been ordered at HMD. Container ships built by HMD offer a service speed of 21 ~ 24 knots, the fastest speed available for medium-sized container ships.

Offshore / Other Vessels

Starting with the new building in 1996, HMD has succeeded in delivering Offshore Vessels, including Drillships, Cable Laying Vessels, Pipe Laying Vessels, FPSO and other specialized vessels. HMD will strive to enter into the offshore market again in the near future.

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Growth
Hyundai Mipo Dockyard has showed remarkable growth since 2003. This is attributable to the success of its shipbuilding business diversification, while consolidating its prime position in Medium-Range Product / Chemical Tankers, and earning a stellar reputation in Sub-Panamax Containerships. HMD has continued to evolve; not satisfied at taking over half of the world's Product / Chemical tanker and mid-size containership new-building market, HMD challenges to get involved more keenly in building other high value-added vessels. Actively anticipating changes in the market, HMD entered into the LPG carrier market in 2006 and the PCTC and RO-RO vessel markets in 2007.

Organization
President & CEO

Hyundai-Vinashin Shipyard in Vietnam

Sales Division
3,500 140

2,900

3,000 2,500

120 100

Sales Department Contract Administration Department After Sales Service Department

118

Safety & Quality Control Division

Safety & Health Department Quality Management Department

2,300

92

1,800

78

1,500 1,000

60 40

70

78

2,000

80

1,200

Design and Engineering Division

Ship Design Department Initial Planning & Estimation Department
2003 2004 2005 2006 2007

1,000

500 0

20 2007 0

Administration Division
Personnel Department General Affairs Department Finance Department Material Purchasing / Control Department

2003

2004

2005

2006

Turnover (U.S. dollars Million)

Number of Ships Ordered

Production Division
Construction Department

80 70

300

50

255

280

60

60

67

70

250

Project & Production Planning Division

Project & Production Planning Department Information Technology Department

200

36

30 20 10 0

32

100 50 2007 2008 0 2003 2004 2005 2006

108

162

150

186

204

40

46

2003

2004

2005

2006

2007

2008

Number of Ships Delivered

Number of Backlog
(2003~2007 : As of the year-end, 2008 : As of March)

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Chronicle
For over three decades HMD has been accomplishing things once thought to be theoretically and scientifically impossible through unwavering determination and endless efforts. The key to our success lies in the Hyundai Spirit" that was embodied by the founder Chung Ju-Yung.

Before

After 9 Months

Now

1975
Establishment

1980s
1981 Selected as Best Top 10 Company for Productivity Improvement by Korea Productivity Center. 1982 Construction of New Shipyard. 1983 The number of Ship-repair and Conversion reached 2,000 vessels. Delivery of 3 Asphalt Carriers and 1 Cable Layer. Listed in Korea Stock Exchange with Initial Public Offering.

1990s
1990 The number of Shiprepair and Conversion reached 3,000 vessels. 1995 Repair experience of more than 6,000 vessels. 1996 Entered into Newbuilding market. Establishment of Hyundai-Vinashin Shipyard Co., Ltd. (HVS) in Vietnam. 1997 Accreditation of ISO 9001 from the Lloyds Register. Contracts for an FPSO and two Drillships. 1998 Awarded 1998 Korean Management Grand Prize . 1999 Awarded 1999 Quality and Safety Management Grand Prize. Selected as the Worlds Best Shiprepair Yard by Lloyds List Maritime Asia. Opening of HVS.

2000s
2001 Selected as the Worlds Best Shipbuilder by Lloyds List Maritime Asia. 2002 Delivery of a Korea-Japan Line Passenger Ferry, the first one built by a Korean Shipyard. 2003 Granted International Integration Management System Certificates for ISO 14001 & OHSAS 18001. Medium-ranged Product Tanker selected as World-class Product by Ministry of Commerce, Industry and Energy, Republic of Korea. 2004 Delivery of the 100th Newbuilding vessel. Groundbreaking for a New Block Fabrication Shop in Daebul Industrial Complex. Awarded the $1 Billion Export prize by the Korean Government. 2005 Selected as Overall Most Improved Company for Best Management Practices in Korea from Asiamoney. Awarded 2005 Value Innovation Award by Korea Ministry of Commerce, Industry and Energy. Sub-Panamax Containership selected as World-class Product by Ministry of Commerce, Industry and Energy, Republic of Korea. 2006 Awarded The Most Respected Company by the Korean CEO Association. Contracts for LPG Carriers. 2007 Contracts for PCTC and Ro-Ro Vessels. The 300th vessel delivered. New building accumulated 10,000,000 DWT. Awarded the $2 Billion Export prize by the Korean Government. Awarded CEO of the year by Maekyoung Business Daily.

2008
...and our journey continues

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Welfare Facilities
HMD provides its employees, foreign residents, and visitors with accommodations and recreational facilities for a more comfortable life and stay. Long-term foreign residents are supplied with housing at the Foreigners Compound. HMD, with HHI Group, also operates a guest house, a luxurious hotel, bungalows, apartments of various sizes, bachelor dormitories, a general hospital, a gymnasium, a recreation center, department stores and other facilities. These amenities help our employees and residents from all over the world to enjoy a more convenient, healthy lifestyle. A number of activities are also arranged at HMD to promote pleasant, harmonious relationships among people.

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HYUNDAI-VINASHIN Shipyard Co., Ltd.

Hyundai Vinashin Shipyard Co., Ltd. (HVS), a joint venture between HMD of Korea and Vietnam Shipbuilding Industry Corporation (VINASHIN) of Vietnam, was established on 30th September 1996. HMD has devolved its ship repair and conversion business to HVS with its invaluable know-how and experience gained from 30 years repair and conversion business. Since its operation in 1999, HVS managed by HMD, has repaired more than 860 various type of vessels and completed numerous heavy damage repairs, including Offshore Units (Platform), upgrading & life extension works, elongation of PCTC and conversion of Bulk Carriers. Accumulating state-of-the-art new building technologies and skills through conversions and general repairs, HVS has entered into new building in 2008.

Affiliated Companies
Hyundai Heavy Industries Co., Ltd.
Hyundai Heavy Industries (HHI), the world's number one shipbuilder, leads the global shipbuilding industry with a 15% share of the market. HHI stretches over five kilometers along the coast of Mipo Bay in Ulsan, Korea. The company is capable of building all types of ships to meet various demands from its clients. It has nine (9) large-scale dry docks with six huge 'Goliath Cranes'. Since the shipyard's groundbreaking in 1972, HHI has garnered many awards and set many records within the shipbuilding industry. HHI reached the 10 million dwt production mark, and reached the milestone of 20 million dwt in 1988, 30 million dwt in 1991, 40 million dwt in 1994, 50 million dwt in 1997, and 100 million dwt in 2005. HHI has delivered more than 1,300 ships to 233 shipowners in 45 countries since 1972.

Hyundai Samho Heavy Industries Co., Ltd.

Hyundai Samho Heavy Industries (HSHI) has the fifth-largest manufacturing capacity in the world and succeeded in making its first profit in 2001 with maximum expertise in order acceptance via the Hyundai business line since 1999. Featuring a qualified workforce and highly educated personnel, the shipyard is achieving remarkable improvements in productivity and quality. Since full-scale operations began in 1995,
Crane
250 Ton x 2 30 Ton x 1 450 Ton x 1 80 Ton x 1 30 Ton x 1

Major Facilities [Dock & Quay]

Dock No.1 Capacity
80,000 DWT

Dimension (m)
260 x 45 x 13

Quay
No.1 (Dolphin East) No.2 (Dolphin West) No.3 No.4

Length / Depth (m)

500 / 8 500/ 8 250/ 8 100/ 8

Crane
30 Ton x 2 20 Ton x 1 30 Ton x 1 (Jib) 150 Ton x 1 (Crawler) 150 Ton x 1 (Crawler)

HSHI has successfully built and delivered over 110 vessels, including VLCCs, 4,000 TEU Containerships, Suezmax Tankers, Aframax Tankers, Capesize Bulk Carriers and other vessels. HSHI continues full efforts to provide high quality vessels to clients and to move toward a brighter future as a reliable partner.

No.2

400,000 DWT

380 x 65 x 13

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Global Network
HEAD OFFICE & SHIPYARD
HEAD OFFICE & DOCKYARD
1381, BANGEO-DONG, DONG-KU, ULSAN 682-712, KOREA tel (82-52)250-3031~3040 fax (82-52)250-3056 e-mail sales@hmd.co.kr www.hmd.co.kr

OVERSEAS OFFICE
LONDON
2ND FLOOR, THE TRIANGLE, 5-17 HAMMERSMITH GROVE, LONDON, W6 0LG, U.K. tel (44-20)8600-7133~5 fax (44-20)8748-5049 e-mail london@hmd.co.kr

OVERSEAS AGENT
BRAZIL
REEF CHARTERING LTDA AVENIDA RIO BRANCO 45, ROOM 2512 CENTRO CEP 20.090-003, RIO DE JANEIRO, RJ - BRAZIL tel (55-21)2516-9359 fax (55-21)2516-9093

INDONESIA
P.T ARPENI PRATAMA OCEAN LINE WISMA BSG 7TH FLOOR, JL ABDUL MUIS NO. 40 JAKARTA 10160, INDONESIA tel (62-21)350-5350 fax (62-21)380-3615

PAKISTAN
GOKAL SHIPPING & TRADING CORP., LTD. GOKAL CHAMBERS BEACH HOTEL ROAD 34/A-5 LALAZAR DRIVE KARACHI-74000, PAKISTAN tel (92-21)561-1001 fax (92-21)561-0760

SEOUL OFFICE
15TH FL., HYUNDAI BLDG., 140-2, KYE-DONG, CHONGRO-KU, SEOUL 110-793, KOREA tel (82-2)746-8647 fax (82-2)746-8625

ATHENS
73, POSSIDONOS AVE, EDEN MARE COMPLEX, PALEO FALIRO, ATHENS 175-62, GREECE tel (30-210)428-2994/5 fax (30-210)428-2630 e-mail hmdellas@hol.gr

FRANCE
CJP FANGA 78 RUE JEAN DE LA FONTAINE 75016 PARIS, FRANCE tel (33-612)783-010 fax (33-140)280-966

ISRAEL
LIBIS ENGINEERING LTD. 8 AVIGDOR HAMEIRI ST., HAIFA 35500, ISRAEL tel (972-4)833-5764 fax (972-4)831-2631

TAIWAN
EUROASI ENGINEERING & TRADING CO., LTD. 5FL-3 NO. 167 SEC. 5, MIN SHEN EAST ROAD TAIPEI, TAIWAN tel (886-2)2760-5066 fax (886-2)2761-1210

DUBAI
OFFICE NO. 304-B AL SALEMIYAH TOWER, DEIRA, DUBAI, U.A.E. tel (971-4)229-3496 fax (971-4)229-3498 mobile (971-50)840-3112 e-mail yongbum@hmd.co.kr

GERMANY
ERNST RUSS GMBH & CO. KG ALSTERUFER 10 20314 HAMBURG, GERMANY tel (49-40)41407-273 fax (49-40)41407-117

ITALY
BANCHERO COSTA & C. AG. MAR. S.P.A. 2, VIA PAMMATONE 16121, GENOA, ITALY tel (39-10)563-1628/9 fax (39-10)563-1602

TURKEY
TURMAR MARINE SURVEY CONSULTANCY & SHIPPING INC. INONU CAD. TURABOGLU SOKAK HAMDIYE YAZGAN IS MERKEZI NO. 4 K. 3 KOZYATAGI 81080 ISTANBUL, TURKEY tel (90-216)411-4575 fax (90-216)302-5087

THE NETHERLANDS TOKYO

8TH FL., YURAKUCHO DENKI BLDG., 1-7-1 YURAKU-CHO, CHIYODA-KU, TOKYO, 100-0006, JAPAN tel (81-3)3212-7941/2 fax (81-3)3213-8055 e-mail japan@hmd.co.kr

HONG KONG
ASIAN MARINE SERVICES LTD. ROOM 1809-10 TAI YAU BUILDING NO. 181 JOHNSTON ROAD WANCHAI, HONG KONG tel (852)2539-5011 fax (852)2539-5800

EMHA TECHNISCH BUREAU B.V. RINGDIJK 520A P.O.BOX 54 2980 AB RIDDERKERK, THE NETHERLANDS tel (31-180)484-343 fax (31-180)418-581

INDIA SINGAPORE
7 TEMASEK BOULEVARD #41-02 SUNTEC CITY TOWER 1 038987 SINGAPORE tel (65)6332-1011 fax (65)6332-1022 e-mail hmdsgp@singnet.com.sg SEA CRESTS SHIPPING 611-SAI CHAMBERS 6TH FLOOR OPP. SANTACRUZ STATION (EAST), MUMBAI 400 055, INDIA tel (91-22)6678-0973 fax (91-22)6678-0974

1381, Bangeo-dong, Dong-gu, Ulsan 682-712, Korea tel +82-52-250-3031~3040 fax +82-52-250-3056 www.hmd.co.kr