MISC - Annual Report 2015

286 REDISCOVER |  REBUILD |  SUSTAIN Notes to the financial statements - 31 December 2015 39. Joint arrangements and activities (cont’d.) (a) Joint ventures and activities (cont’d.) Name of company Country of incorporation Principal activities Ownership interest and voting interest (%) 2015 2014 Western Pacific Shipping Ltd. **** Bermuda Providing shipping  solutions to meet  LNG Project  requirements and  also supports other  general shipping  requirements of  Papua New Guinea 60 60 VTTI B.V. Netherlands Owning (in whole or  in part), operating  and managing a  network of oil  product storage  terminals and  refineries – 50 ELS Lightering Services S.A Uruguay Lightering activity 50 50 Akudel S.A *** Uruguay Owning and  operating  workboats for  lightering activity – 49 Gumusut-Kakap Semi-  Floating Production System  (L) Limited Malaysia Asset ownership  and leasing of  semi-submersible  floating production  system 50 50 Malaysia Deepwater Floating  Terminal (Kikeh) Ltd. **** Malaysia FPSO owner 51 51

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