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Malaysia Marine and Heavy Engineering (MMHE) is a shipyards in South East Asia in- volved in the offshore construction industry. How- ever, the yard, located in Pasir Gudang, is also very active in the general repair and conversion indus- tries, not only for offshore clients but also for con- ventional shipping. Last October, MMHE was listed on the Malaysian Stock Exchange, with 25.5% of thecompany?s shareholding being taken by the pub- lic, 8% taken by offshore contractor Technip, and the remainder of the shares being retained byMalaysia International Shipping Corp (MISC). During 2006, MMHE formed a joint-venture company with South Korea?s Samsung Heavy Industries (SHI) ? MSLNG to market the yards facilities in the LNG tanker repair market. SHIhas a long track record for the building of large LNG tankers and can provide repair and refur- bishment services, especially involving cargo con- tainment systems. SHI has also provided MSLNG with project management, engineering and HSE inthe LNG tanker sector. MISC is one of the world?s largest fleet owners of LNG tankers and, as such, commits a great deal of regular repair contracts to the shipyard. Last year, MMHE repaired 10 large LNG tankers for MISC and two for South Korea?s Hyundai Mer- chant Marine (HMM). This year, the first of the MISC contracts, in- volving the 152,300 cu. m. Seri Bjaksana, was completed in February. The 145,000 cu. m. Seri Amanah, 131,700 cu. m. Puteri Nilam Satu andthe 130,405 cu. m. Puteri Zamrud were then com-pleted in April. Hyundai Merchant Marine?s 125,182 cu. m. Hyundai Utopia in May and OmanShip Management?s 147,200 cu. m. LNG tanker Ibri LNG were completed in July. Later this year, Oman Ship Management?s 147,000 cu. m. LNG tanker Ibra LNG, and MISC?s 130,000 dwt LNG tanker Tenaga Satu are both due in for scheduled repairs.MSLNG predict some 18 LNG tankers will be repaired during 2011. Subsea 7, Havila Ship- ping and Havyard De- sign & Engineeringhave delivered DSV Seven Havila. The ves- sel, one of the most sophisticated of its kind, is 120m longwith 1050 sq. m. of deck space and is capable of traveling at 17 knots. It is a DP Class III vessel, equipped with fully- computerized diving systems and a 250-ton, heave-com- pensated main offshore crane. Accommodating a crew of 120, the vessel will operate with up to 24 divers. The company delivered three ships in 2010; in addition, Havyard delivered design and equipment for five other ships that were delivered from shipyards in Norway and China. At present, 19 ships of Havyard design have been delivered. Havyard has earned contracts for a further 20 ships to be delivered over the next two years. Operating income for 2010 was $242.6m, compared to $370.3 million 2009. The decrease in revenue is mainly due to lower activity in the company?s business area, Havyard Ship Technology. Capacity utilization at the shipyard was still good, and the significant increase in profit margin in- dicates that this business area have had efficiency and con- trol and delivered ships with high quality at the right time. Havyard Group currently has a total order backlog of ap- proximately $371.8 million; and based on good capacity uti-lization, positive results are expected for 2011. A. ThorpeJuly 2011www.marinelink.com 31At a glanceHavyard Group ?NorwayPO Box 215, 6099 Fosnavag, Norway Tel: +47 70084550 Web: www.havyard.com At a glanceMalaysia Marine & Heavy Engineering (MMHE)PLO 3 Jalan PekelilingPO Box 77, 81700 Pasir Gudang, Johor, Malaysia Tel: +607 251 2111 Web: www.mmhe.com.my (Pictured is HMM@LNG tanker under r epair)MR Aug. 11 # 4 (25-33):MR Template 8/5/2011 9:33 AM Page 31