p 303 MISC BERHAD - Annual Report 2014 38. Associates and activities Name of company Country of incorporation Principal activities Ownership interest and voting interest (%) 2014 2013 BLG MILS Logistics Sdn. Bhd.** Malaysia Automotive solutions and related integrated logistic services 60 60 Rais - Mils Logistic FZCO United Arab Emirates In-liquidation 50 50 MISC Agencies Lanka Pte. Ltd. Sri Lanka In-liquidation 40 40 Trans-ware Logistics (Pvt) Ltd. Sri Lanka Inland container depot 25 25 Nikorma Transport Limited Nigeria LNG transportation 30 30 Eagle Star Crew Management Corp. Philippines Recruitment and provision of manpower for maritime vessels 24 24 ** Although the Group holds 60% effective interest in BLG MILS Logistics Sdn. Bhd. (“BML”), BML is deemed to be an associate as the Group is unable to exercise control over the financial and operating policies of the economic activities of BML. 39. Joint arrangements and activities (a) Joint ventures and activities Name of company Country of incorporation Principal activities Ownership interest and voting interest (%) 2014 2013 Malaysia Vietnam Offshore Terminal (L) Ltd.**** Malaysia FSO owner 51 51 Vietnam Offshore Floating Terminal (Ruby) Ltd.*** Malaysia FSO owner 40 40 Paramount Tankers Corporation Republic of the Marshall Islands Shipowning and operations 50 50 MMHE-TPGM Sdn. Bhd.*** Malaysia Provision of engineering, procurement, construction, installation and commissioning 40 40
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