Formerly | MSE Holdings Berhad |
---|---|
Company type | Public limited company |
MYX: 5186 | |
ISIN | MYL5186OO001 |
Industry |
|
Founded | 1989 |
Headquarters | Kuala Lumpur, Malaysia |
Key people | |
Products | Ship Offshore construction Offshore conversion Marine repair |
Revenue | |
Total assets | |
Total equity | |
Number of employees | 3365 (2022) |
Website | www |
Malaysia Marine and Heavy Engineering Holdings Berhad (abbreviated MHB: MYX : 5186) is a Malaysian owned shipbuilding and heavy engineering industries company. It was formerly known as Malaysia Shipyard and Engineering Sdn Bhd. MHB has been long involved in oil and gas engineering and construction works. [1]
In March 2004, Malaysia International Shipping Corporation Bhd (MISC) increased its shareholding in MMHE to 65%, making it the majority shareholder of the company.
MHB was incorporated in Malaysia in 1989 as a private limited company, under the name MSE Holdings Sdn Bhd. In June 2010, when MSE Holdings was upgraded into a public company, its name was changed to Malaysia Marine and Heavy Engineering Holdings Berhad (MHB).
On 29 October 2010, MHB was successfully listed on the Main Market of Bursa Malaysia Securities Berhad, with its initial public offering (IPO) raising of RM2.03 billion. The IPO was the first in Malaysia to be conducted with an international strategic investor, Technip S.A. of France, a renowned player in project management, engineering and construction in the oil and gas industry.
The history of MHB dates back to the incorporation of its wholly owned subsidiary, Malaysia Marine and Heavy Engineering Sdn Bhd (MMHE) in May 1973, under the name of Malaysia Shipyard and Engineering Sdn Bhd (MSE). MSE was established by the Government to advance Malaysia's maritime industrialisation programme. It was subsequently privatised and in 2006, became a wholly owned subsidiary of MISC Berhad. Being within the MISC Group of companies enabled the two organisations to align their goals and objectives to create greater synergies.
One of MHB's achievements was the completion of the Floating Production Storage and Offloading (FPSO) Kikeh and the Kikeh Spar for the Kikeh field in September 2006, Malaysia's first deepwater project. FPSO Kikeh was the first deepwater FPSO in Malaysia and the Spar platform was the first to be installed outside of the Gulf of Mexico.
Another milestone was achieved in 2007 when the MHB Group ventured abroad to operate and manage the Kiyanly yard, the only fabrication yard in Turkmenistan, on behalf of PETRONAS Carigali (Turkmenistan) Sdn Bhd.
The most recent significant achievement was the completion of the Gumusut-Kakap semi-floating production system (FPS). It is the largest such facility in the world to have been fully built and integrated on land. The FPS left the MMHE West yard in Pasir Gudang, Johor on 13 May 2013. MMHE East and MMHE West are the only fabrication yards in South-east Asia to have constructed deepwater facilities in Malaysia for its international oil and gas clients.
In April 2012, through the yard optimisation initiative, MHB expanded its yard size and capacity with the acquisition of new land for the fabrication of offshore oil and gas related structures, to cater to EPCIC works. The acquisition has significantly increased MHB's Pasir Gudang yard capacity from 69,700 MT to 129,700 MT, making MHB the largest fabricator in Malaysia today in terms of yard size and capacity. In conjunction with the acquisition, MMHE's yard in Jalan Pekeliling was renamed “MMHE West”, while the newly acquired yard is now known as “MMHE East”. There are approximately 4,000 operations and services support staff working at both yards in Pasir Gudang as well as in the Group Corporate Office in Menara Dayabumi, Kuala Lumpur on any given day.
Today, MHB is recognised as a regional heavy engineering and deepwater support services provider for the oil and gas deepwater industry as well as a key player for LNG ship repair and dry docking. MHB is also a one-stop centre for marine conversion.
Through partnerships with Samsung Heavy Industries of South Korea, Technip S.A. of France and ATB Riva of Italy, all of whom are leaders in their respective fields, MHB have improved their offerings through the enhancement of capabilities and the transfer of technology. [2]
MHB offers a full range of construction and engineering services for the offshore and onshore oil and gas industry, from detailed engineering design and procurement to construction, installation, hook-up and commissioning (EPCIC). Projects include the construction of production topsides, process modules, turrets, floating production systems, mooring buoy systems and mobile offshore storage units.
MHB is a one-stop centre for converting vessels such as VLCCs, Aframax tankers, offshore oil rigs and LNG carriers into floating structures i.e.: floating production, storage and offloading units (FPSOs), floating storage and offloading units (FSOs), MOPUs, MODUs and floating storage units (FSUs). Its comprehensive offshore conversion services range from engineering design to fabrication, installation and commissioning of these structures. The MMHE's West yard is the only yard in Malaysia that has completed FPSO and FSO conversion projects.
MHB has built upon its core capabilities in general vessel repairs to focus on more complex and higher value repair and refurbishment projects such as those for LNG carriers and offshore oil rigs. Its marine repair services include repair, refit and refurbishment of a wide range of vessels, with a focus on energy-related vessels such as ULCCs, VLCCs, petroleum tankers, chemical tankers, offshore oil rigs, gas carriers and other offshore support vessels. Other services include the construction of new built structures such as tender barges, and ‘jumboisation’ works, which are complex engineering operations to increase the size of a vessel.
The MMHE West yard is the single largest fabrication yard by annual tonnage capacity in Malaysia. It also boasts one of the largest dry docks in South East Asia. It is located at Pasir Gudang, Johor.
MHB started to operate in MMHE East yard in April 2012 following the acquisition of the yard. It is the smaller of the two yards operated by MHB.
Total area: 46.8-hectare (116 acres) complex with 500 metres seafront Capacities: Ability to construct large marine structures with a total tonnage of 60,000 MT per year Fabrication area: 3 fabrication and assembly areas totalling 200,700 m2
An oil platform is a large structure with facilities to extract and process petroleum and natural gas that lie in rock formations beneath the seabed. Many oil platforms will also have facilities to accommodate the workers, although it is also common to have a separate accommodation platform linked by bridge to the production platform. Most commonly, oil platforms engage in activities on the continental shelf, though they can also be used in lakes, inshore waters, and inland seas. Depending on the circumstances, the platform may be fixed to the ocean floor, consist of an artificial island, or float. In some arrangements the main facility may have storage facilities for the processed oil. Remote subsea wells may also be connected to a platform by flow lines and by umbilical connections. These sub-sea facilities may include one or more subsea wells or manifold centres for multiple wells.
Offshore construction is the installation of structures and facilities in a marine environment, usually for the production and transmission of electricity, oil, gas and other resources. It is also called maritime engineering.
A floating production storage and offloading (FPSO) unit is a floating vessel used by the offshore oil and gas industry for the production and processing of hydrocarbons, and for the storage of oil. An FPSO vessel is designed to receive hydrocarbons produced by itself or from nearby platforms or subsea template, process them, and store oil until it can be offloaded onto a tanker or, less frequently, transported through a pipeline. FPSOs are preferred in frontier offshore regions as they are easy to install, and do not require a local pipeline infrastructure to export oil. FPSOs can be a conversion of an oil tanker or can be a vessel built specially for the application. A vessel used only to store oil is referred to as a floating storage and offloading (FSO) vessel.
Johor Port is a port in Pasir Gudang, Johor, Malaysia, built in 1977. It is an integrated multi-purpose port facility providing bulk cargo, container and general cargo services. It is the world's largest palm oil terminal and ranks third globally in terms of LME cargo volume.
BW Offshore Limited is a global owner and operator of floating production storage and offloading (FPSO) vessels. The company is listed on Oslo Stock Exchange. The company has its headquarters in Singapore and Oslo, Norway but operates internationally. The largest owner is BW Group Limited with 49.3% of the shares.
MISC Berhad was incorporated in 1968 as Malaysia International Shipping Corporation Berhad and is the leading international shipping line of Malaysia. In September 2005, Malaysia International Shipping Corporation Berhad adopted its present corporate identity and changed its name to MISC Berhad. Its main shareholder is Petroliam Nasional Berhad (Petronas), the national oil conglomerate of Malaysia. The principal business of the corporation consist of ship owning, ship operating, other shipping related activities, owning and operating of offshore floating facilities as well as marine repair, marine conversion and engineering and construction works. With a fleet of more than 120 vessels and a combined tonnage of more than 13,000,000 DWT.
Yantai CIMC Raffles Shipyard is a shipbuilding company in Yantai, Shandong Province, People's Republic of China. The shipyard is one of three operated by CIMC Raffles Offshore Ltd.
Offshore concrete structures, or concrete offshore structures, are structures built from reinforced concrete for use in the offshore marine environment. They serve the same purpose as their steel counterparts in oil and gas production and storage. The first concrete oil platform was installed in the North Sea in the Ekofisk oil field in 1973 by Phillips Petroleum, and they have become a significant part of the marine construction industry. Since then at least 47 major concrete offshore structures have been built.
Mox-Linde Gases Sdn. Bhd. was a Malaysian industrial gases company. Established in 1960, MOX specializes in providing total gas solutions, namely manufacturing and distributing industrial, special and medical gases, installations of gas equipment, pipelines and engineering services. MOX also offer packaged chemicals, welding and consumables products.
The FPSO Noble Seillean was a dynamically positioned floating oil production, storage and offloading vessel.
Ezra Holdings Ltd, also known under their operating brand name of EMAS, is an integrated offshore support provider for the oil and gas industry. The business was founded in 1992 and is headquartered in Singapore. Ezra was listed on the Singapore Exchange Securities Trading Limited (SESDAQ) and promoted to Mainboard on 8 December 2005.
Lotte Chemical Titan Holding Sdn Bhd engages in the ownership and operation of polypropylene plants, polyethylene plants, ethylene crackers, and aromatic plants. It offers high-density polyethylene (HDPE), Low-density polyethylene (LDPE), and Linear low-density polyethylene (LLDPE) for various kinds of applications, room household goods to automotives products. The company also manufactures low-density polyethylene for injection molding for cosmetic containers, bottle closures, and food containers, and is based in Pasir Gudang, Malaysia.
EMAS is an offshore contractor and integrated offshore solutions provider catering to the oil and gas (O&G) industry on a global scale. It operates as a subsidiary of Ezra Holdings and has gained recognition within the industry. Established in 1992, the company is headquartered in Singapore and initially focused its operations in the maritime sector of the Asia Pacific region, primarily managing a fleet of vessels. In 2003, the company successfully listed its shares on the Singapore Exchange SGX, enhancing its market presence. EMAS also established fabrication facilities in Vietnam.
Tanjung Langsat Port is a port in Pasir Gudang, Johor Bahru District, Johor, Malaysia. Wholly owned by Johor Corporation, the port handles bulk cargo such as liquefied petroleum gas (LPG) and dangerous chemicals.
Boustead Heavy Industries Corporation Berhad, often abbreviated as BHIC is a Malaysian industrial group specialised in defence, naval and commercial shipbuilding, ship repair, fabrication of offshore structures as well as maintenance, repair and overhaul of aircraft. The company is a public limited company and the largest shareholder is Lembaga Tabung Angkatan Tentera, a government statutory body which provides retirement benefits and a savings scheme for officers of the Malaysian Armed Forces, with a 58.69% stake. The second largest shareholder is Kumpulan Wang Persaraan, a company created by the Malaysian Government as an investment company, with a stake of 7.17%.
Labuan Shipyard and Engineering (LSE) is a Malaysian shipbuilding company based in the East Malaysian island of Federal Territory of Labuan, Malaysia. It is the biggest shipyard in Borneo.
Sapura Energy Berhad is a Malaysian integrated oil and gas services company based in Seri Kembangan, Selangor. Sapura Energy trades in over 20 countries, such as China, Australia, United States of America, and those in Western Africa and the Middle East, employing approximately 13,000 people. Sapura Energy's operations cover exploration, development, production, rejuvenation, decommissioning, and abandonment. The company was formed via a merger between SapuraCrest and Kencana in May 2012 and trades on the Main Market of Bursa Malaysia Securities Berhad. The company was renamed as Sapura Energy Berhad on 24 March 2017.
Bumi Armada Berhad is an oilfield services company which provides marine transportation, engineering and maintenance services to the offshore oil and gas industry. It is based in Kuala Lumpur, Malaysia, and has operations in Southeast Asia, South Asia, West Africa, Central Africa, Europe, South America and the Caspian Sea region. It is the world's fifth largest floating production storage and offloading (FPSO) provider with six vessels.
Lagos Deep Offshore Logistics Base (LADOL), officially LADOL Free Zone, also known as LADOL Base or the initials LFZ, is an industrial Free Zone privately owned logistics and engineering facility located on an island in the Port of Apapa, Lagos, Nigeria.
Destini Berhad is a Malaysian company that is involved in heavy industry, defence and oil and gas. This company was formed in 1991 under the name of Satang Jaya Sdn Bhd. At the beginning, this company involved in the business as a supplier of aviation tools and spare parts from Original Equipment Manufacturers (OEM) to Malaysian government especially for Malaysian Armed Forces. The company first time entry into Bursa Malaysia in December 2005 and in September 2011, Satang Jaya Sdn Bhd changed its name to Destini Berhad as a part of company expansions. Destiny Berhad consist of six divisions which is M Rails Technics, System Enhancement Resources & Technologies, Destini Prima, Destini Avia Technique, Destini Armada and Destini Oil Services.