Marine & General Bhd
MMYX:M&G0.31
MYR
0.00
(0.00%)
ISIN
MYL5078OO000
Return %
Stock
S&P 500
1Y
79.41
14.20
3Y
24.49
81.12
5Y
306.67
68.34
Capital Structure
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Company Description
- Full Time Employees
- 113
- Sector
- Industrial services
- Industry
- Engineering & construction
- Address
- Kuala Lumpur Malaysia
- IPO Date
- Dec 17, 2003
- Website
- marine-general.com.my
- Similar Companies
- Business
- Marine & General Berhad is a Malaysia-based investment holding company that provides offshore marine support services and liquid bulk marine logistics solutions to the energy and commercial maritime sectors. Incorporated in 1996 and headquartered in Petaling Jaya, Malaysia, the company operates primarily through two core business divisions: Upstream Marine Logistics and Downstream Marine Logistics. The Upstream division, operated through its key subsidiary Jasa Merin (Malaysia) Sdn Bhd, owns, charters, and manages a specialized offshore support vessel (OSV) fleet serving upstream oil and gas exploration, development, and production activities. The Downstream division operates product and chemical tankers dedicated to the regional carriage of liquid bulk cargo. The company's core services and vessel offerings include the chartering and operation of Anchor Handling Tug Supply (AHTS) vessels, Platform Supply Vessels (PSVs), and Straight Supply Vessels (SSVs); offshore logistics support comprising deepwater anchor handling, rig towing, equipment transportation, drilling fluid transport, and safety standby services; offshore support solutions including rig positioning, offshore construction assistance, subsea inspection support, and accommodation workboat operations; liquid bulk marine transportation and shipping logistics for clean petroleum products, petrochemicals, and vegetable oils; time charter, bareboat charter, spot charter, and contract of affreightment (COA) arrangements; and integrated vessel management services, encompassing marine technical maintenance, crewing, safety compliance, and fleet operations management. Marine & General Berhad serves national oil companies, international oil majors, production sharing contractors, and commodity traders primarily across Malaysia, Southeast Asia, and the broader Asia-Pacific region. In recent developments, the company has undertaken capital restructuring and debt regularisation initiatives to strengthen its balance sheet and enhance financial stability. The group has secured significant multi-year charter contracts and contract renewals with leading energy operators, including Petroliam Nasional Berhad (PETRONAS) and its production sharing partners, while actively optimizing its fleet profile through targeted vessel upgrades, increased deployment of Dynamic Positioning (DP2) tonnage, and the rationalization of non-core assets to capture high-margin charter demand across regional offshore exploration and production markets.