QUOTE(engrfeez @ Feb 4 2013, 12:55 PM)
As per email by PETRONAS which I read before, the employees will remain but in future the logo, emails and identity will change accordance to PETRONAS but for MMHE which is 100% subsidiaries of MISC, PETRONAS are not thinking to take over the MMHE.
MISC had a big lost due to changing business in shipping and tanker. Now they will move on concentrate on LNG and Offshore Business only.
ya, MISC suffers big lost in shipping due to bunker price hike and human error
LNG is very profitable but many human technical error, same with its tanker line AET, big impact from bunker hike and accidents penalty
the logo might not change in my opinion, because shipping line is quite different
like maersk ..got shipping and got maersk oil
AET as i heard had recently launched some new projects with petrobas in south america for shuttle tanker and dp serivce ...and some projects in middle east
the funding all from petronas iinm, and petronas all this while act as the ghost customers to its subsidiaries ..
so there is no surprise when petronas eventually absorb all of it up.