Malaysian Merchant Marine Bhd (MMM), which will have a new major shareholder Core Attributes (M) Sdn Bhd, has unveiled plans to become a fully integrated shipping company by 2010.
The firm would venture into oil and gas (O&G) offshore vessels services, dockyard, floating production storage and offloading (FPSO), tugs and barges, and dredging businesses. MMM is also attracted to acquire FPSO units as well as tugs and barges.The firm also plans to expand its existing fleet of bulk carriers and chemical tankers. Presently, the company operates eight vessels.
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