MISC - Annual Report 2015

284 REDISCOVER |  REBUILD |  SUSTAIN Notes to the financial statements - 31 December 2015 39. Joint arrangements and activities (a) Joint ventures and activities Name of company Country of incorporation Principal activities Ownership interest and voting interest (%) 2015 2014 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 installation and  commissioning 40 40 MMHE-ATB Sdn. Bhd. *** Malaysia Manufacturing work  of pressure vessels  and tube heat  exchangers 27 27 Technip MHB Hull Engineering  Sdn. Bhd. *** Malaysia Build and develop  hull engineering  and engineering  project  management  capacities 33.3 33.3 SL-MISC International Line  Co. Ltd. *** Sudan In-liquidation 49 49 SBM Systems Inc.*** Switzerland FPSO owner 49 49 FPSO Brasil Venture S.A.*** Switzerland Investment  and offshore  activities 49 49 SBM Operacoes Ltda. *** Brazil Operating and  maintaining FPSO  terminals 49 49

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