KUALA LUMPUR (Jan 16): Offshore support vessel provider Marine & General Bhd (KL:M&G) has formed a new joint venture (JV) company to undertake vessel maintenance, repair and docking-related services. The new JV will be incorporated under the name Jasa Merin Engineering Sdn Bhd (JME) and will provide vessel services, including maintenance, repair and operational support, as well as ancillary activities incidental to its core business. "In parallel, the joint venture allows Jasa Merin to participate in the maintenance, repair and operations (MRO) segment within the domestic marine and engineering industry," the group said. Marine & General, through two subsidiaries, will hold a 70% stake while the remaining 30% will be owned by Nautica Energy Services Sdn Bhd (NES). Marine & General said the new JV would improve maintenance planning and oversight, potentially enhancing vessel reliability and reducing unplanned downtime over time.

Source: The Edge Markets January 16, 2026 11:26 UTC