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 355 MISC BERHAD ANNUAL REPORT 2018 354 42. 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 (%) 2018 2017 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 Operacoes Maritamas em Mar Profundo Brasileiro Ltda. *** Brazil Operation and maintenance of FPSO 49 49 Brazilian Deepwater Floating Terminals Ltd. *** Bermuda Construction of FPSO 49 49 Brazilian Deepwater Production Ltd. *** Bermuda Chartering of FPSO 49 49 Brazilian Deepwater Production Contractors Ltd. *** Bermuda Operation and maintenance of FPSO 49 49 42. 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 (%) 2018 2017 MISC Shipping Services (UAE) LLC *** United Arab Emirates Dormant 49 49 Western Pacific Shipping Ltd. **** Bermuda Providing shipping solutions for LNG project requirements and other general shipping requirements of Papua New Guinea 60 60 ELS Lightering Services S.A. Uruguay Lightering activity 50 50 Malaysia Deepwater Floating Terminal (Kikeh) Ltd. **** Malaysia FPSO owner 51 51