KUALA LUMPUR: Hubline Bhd signed a consortium agreement with MCC Overseas (M) Sdn Bhd (MCC), a wholly owned subsidiary of China Metallurgical Group Corporation (MCC Group), for oil and gas (O&G) related infrastructure projects in Sarawak.
Both parties will collaborate in the engineering, procurement, construction and commissioning of O&G related infrastructure projects in Sarawak.
Hubline spokesperson said the company is positive on the prospects of joining hands with MCC, which is the world's largest and strongest metallurgical construction contractor and operation service provider.
"MCC's advanced scientific research, exploration, design and construction capabilities will perfectly complement Hubline's strengths as an all-around logistics operator, as we look towards securing new opportunities in the oil & gas sector," the spokesperson said in a statement today.
MCC was incorporated in Malaysia as a limited company in 1992 with its principal business in construction while MCC Group has operated in Malaysia since 1992, and currently has a major interest in a large steel mill project in Bintulu Sarawak.
With a total revenue of US$35.6 billion, MCC Group lays claim as the longest running construction force in China's iron and steel industry.
MCC Group also set up the Metallurgical Corporation of China Ltd, which has successfully listed in Shanghai and Hong Kong stock exchanges in 2009.
Hubline, apart from being the largest tug-and-barge operator in Southeast Asia, also owns Layang Layang Aerospace Sdn Bhd, a general aviation operator in the country.
Its services include flying doctor and emergency charter, aerial survey, chartered flights, rescue operations, and more. Layang Layang also has a flying academy with its main base in Kota Kinabalu.
Hubline has been in the dry bulk shipping business since 2007 and provides barge logistics services of between 8,000 metric tonnes to 11,000 metric tonnes of dry bulk cargo per shipment.
The Group has a fleet of twenty-three sets of tugs and barges that geographically operates within the South East Asian region, plying the trading routes of amongst others, Cambodia, Indonesia, Malaysia, Philippines, Thailand and Vietnam.