The joint venture is 70% owned by MMHE, with partner EPIC holding the balance.
The two have already bought and taken delivery of a 5000-tonne floating dock from Yeisu Ocean of South Korea, which is not stationed at EPIC’s shiprepair facility in Kemaman, Terengganu on Peninsular Malaysia’s east coast.
EPIC chief executive En Noor Fadzil Mohamed said: “Being a state-linked company, this joint venture agreement with MMHE can also be seen as part of the state’s sub-projects, in order to spearhead the oil and gas industrial sectors to grow stronger, and further contribute to the state’s economic sector.”
