MISC Annual Report 2018

NOTES TO THE FINANCIAL STATEMENTS NOTES TO THE FINANCIAL STATEMENTS HIGHLIGHTS OF THE YEAR OUR BUSINESS OUR LEADERSHIP OUR PERFORMANCE OUR COMMITMENT TO SUSTAINABILITY OUR GOVERNANCE FINANCIAL STATEMENTS OTHER INFORMATION 50 TH ANNUAL GENERAL MEETING 349 MISC BERHAD ANNUAL REPORT 2018 348 40. SUBSIDIARIES AND ACTIVITIES (CONT'D.) Name of company Country of incorporation Principal activities Ownership interest and voting interest (%) 2018 2017 AET Tankers Kazakhstan LLP Kazakhstan Dormant 100 100 AET Shipmanagement (USA) LLC # The United States of America Ship management 100 100 AET Tankers (Suezmax) Pte. Ltd. Singapore Own, manage and operate ships 100 100 AET Shuttle Tankers Sdn. Bhd. Malaysia Shipowning, ship chartering and operating of ships 100 100 AET MCV Delta Sdn. Bhd. Malaysia Investment holding 100 100 AET MCV Alpha LLC Republic of Marshall Islands Shipowning 100 100 AET MCV Beta LLC Republic of Marshall Islands Shipowning 100 100 AET MCV Gamma LLC Republic of Marshall Islands Chartering and operations 100 100 AET Labuan One Pte. Ltd. Malaysia Owning, chartering and operating of vessel 100 - 40. SUBSIDIARIES AND ACTIVITIES (CONT'D.) Name of company Country of incorporation Principal activities Ownership interest and voting interest (%) 2018 2017 AET Brasil Servicos Maritimos Ltda. Brazil Manning, crewing agent and technical office 100 100 AET Brasil Servicos STS Ltda. Brazil Lightering support services 100 100 AET Sea Shuttle AS Norway Owning and operating DP shuttle tankers 95 95 MISC International (L) Ltd. Malaysia Investment holding 100 100 MISC Offshore Floating Terminals (L) Ltd. Malaysia Owning offshore floating terminals 100 100 MISC Capital (L) Ltd. Malaysia Special purpose vehicle for financing arrangement 100 100 MISC Offshore Holdings (Brazil) Sdn. Bhd. Malaysia Investment holding 100 100 MISC do Brasil Services de Energia Ltd. Brazil Dormant 100 100 M.I.S.C. Nigeria Ltd. * Nigeria Dormant 60 60 FPSO Ventures Sdn. Bhd. Malaysia Operating and maintaining FPSO terminals 51 51