Company Profile
 

Malaysia Marine and Heavy Engineering Holdings Berhad (MHB) is a globally trusted heavy engineering and marine solutions provider for a wide range of offshore & onshore facilities and vessels. MHB has over 40 years of track record of delivering integrated and complex solutions, including deepwater support services to international oil & gas clients.

We are equally recognised for our global expertise in offshore conversion services and LNG vessel repair and dry docking. Backed by an exceptional track record, a highly skilled workforce and world-class facilities, MHB is able to provide innovative solutions to meet the complex demands of the energy industry – safely, on time and within cost.
  • Full range EPCIC services for offshore and onshore construction
  • Complete conversion works in one location
  • Comprehensive marine repair, refurbishment, upgrading and life extension of vessels and rigs

Corporate History

MHB was incorporated in Malaysia in 1989 as a private limited company, under the name MSE Holdings Sdn Bhd. In June 2010, when MSE Holdings was converted into a public company, its name was changed to Malaysia Marine and Heavy Engineering Holdings Berhad (MHB). On 29 October 2010, MHB was successfully listed on the Main Market of Bursa Malaysia Securities Berhad, with its Initial Public Offering (IPO) raising of RM2.03 billion. The IPO was the first in Malaysia to be conducted with an international strategic investor, Technip SA of France, a renowned player in project management, engineering and construction in the oil & gas industry.

The history of MHB dates back to the incorporation of its wholly-owned subsidiary, Malaysia Marine and Heavy Engineering Sdn Bhd (MMHE) in May 1973, under the name of Malaysia Shipyard and Engineering Sdn Bhd (MSE).

MSE was established by the Government to advance Malaysia’s maritime industrialisation programme. It was subsequently privatised and in 2006, became a wholly-owned subsidiary of MISC Berhad. Being within the MISC Group of companies enabled the two organisations to align their goals and objectives to create greater synergies.

One of MHB’s proudest achievements to date in 2006 to 2007 was the completion of the FPSO Kikeh and the Kikeh Truss Spar for the Kikeh field, Malaysia’s first deepwater project. FPSO Kikeh was the first deepwater FPSO in Malaysia. Another milestone was achieved in 2007 when the MHB Group ventured abroad to operate and manage the Kiyanly yard, the only fabrication yard in Turkmenistan, on behalf of PETRONAS Carigali (Turkmenistan) Sdn Bhd.

 

The proud moments were then followed with the completion of the Gumusut-Kakap semi-submersible floating production system (FPS). It is the largest of such a facility in the world to have been fully built and integrated on land. The FPS left MMHE West in Pasir Gudang, Johor on 13 May 2013. MHB then treads further with Malaysia’s third deepwater project, Malikai tension leg platform that sailed away from MMHE water on 11 July 2016. MMHE is the only fabrication yards in Southeast Asia to have constructed deepwater facilities in Malaysia for its international oil and gas clients.

In April 2012, through the yard optimisation initiative, MHB expanded its yard size and capacity with the acquisition of new land for the fabrication of offshore oil & gas related structures, to cater to EPCIC works. The acquisition has significantly increased MHB’s Pasir Gudang yard capacity from 69,700MT to 129,700MT, making MHB the largest fabricator in Malaysia today in terms of yard size and capacity. In conjunction with the acquisition, MMHE’s yard in Jalan Pekeliling was renamed “MMHE West”, while the acquired yard is known as “MMHE East”. There are approximately 2,641 operations and services support staff working at both yards in Pasir Gudang as well as in the Group Corporate Office in Menara Dayabumi, Kuala Lumpur on any given day.

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