As you might know i am currently busy rendering all freelancer discovery 4.84 ships in high quality and high resolution. Thread
Since this might take a while, i decided to make and post up a tutorial on how to do it yourself. There are some things you need, of which a .cmp importer/exporter. You can find this here or here. After downloading, just extract and copy the file to the milkshape installation folder; default: "C:\Program Files\Milkshape 3D 1.8.4"
If you want to adjust the colors, you will need a dds converter tool. You can find this here
Enjoy.
If you experience any kind of error, look at the troubleshooting guide in post #4. If the error is not mentioned there, don't hestitate to send me a pm.