SYARIKAT BORCOS SHIPPING SDN. BHD.
Syarikat Borcos Shipping Sdn. Bhd. is a private limited company registered in Malaysia under registration number 64135M, with a Companies Commission of Malaysia (SSM) status of Active. The company was incorporated in 1980 and its registered office is recorded in Miri, Sarawak.
Borcos Shipping was formed in early 1980 to provide marine transportation and support services to the offshore oil and gas industry, principally through a fleet of anchor handling tug supply (AHTS) vessels operating from Miri, with reported branch offices in Kuala Lumpur, Kota Belud (Sabah) and Kemaman (Terengganu). By 2009 it was reported to be Malaysia’s second-largest offshore support vessel operator, recording net profit of close to RM50 million on revenue of around RM190 million that year. The company was approved for a Main Board listing on Bursa Malaysia in 2005, but the listing plan was not completed.
The company’s financial position deteriorated with the decline in oil prices from around US$150 per barrel in 2008 to below US$28 per barrel by February 2016. For the financial year ended 31 December 2014, Syarikat Borcos Shipping Sdn. Bhd. reported revenue of RM123.28 million and an after-tax loss of RM238.39 million, with total liabilities exceeding RM510 million against total assets of RM574.34 million at year-end. KPMG Deal Advisory Sdn Bhd was appointed liquidator of the company at the end of December 2016, and by late 2017 the appointed liquidators were marketing seven of the company’s anchor handling tugs, the MV Borcos Tasneem 3 to 9, for sale.
The SSM registry status of Active reflects the company’s formal incorporation record and should not be read as confirmation that Syarikat Borcos Shipping Sdn. Bhd. is currently trading, given the liquidation reported from December 2016 onward.
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Shareholders
The Companies Commission of Malaysia (SSM) registry snapshot used for this profile does not list disclosed shareholders for Syarikat Borcos Shipping Sdn. Bhd. Reliable external reporting nonetheless documents the company’s ownership history in some detail.
Global Maritime Ventures Bhd (GMV), a Malaysian corporate investor, acquired a 35% equity stake in Syarikat Borcos Shipping Sdn. Bhd. in 2011 for RM146.55 million. GMV then acquired the remaining 65% stake from AWH Equity Holdings Sdn Bhd in January 2013 for RM190.45 million, giving GMV full (100%) direct ownership of the company from that date. GMV was itself reported as a 90%-owned unit of Bank Pembangunan Malaysia Bhd (BPMB), a Malaysian government development bank; BPMB is wholly owned by the Government of Malaysia through Minister of Finance Incorporated (MoF Inc). On this basis, Syarikat Borcos Shipping Sdn. Bhd. was, from January 2013, indirectly linked to the Government of Malaysia through this chain, though no source reviewed states a precise calculated indirect percentage held by MoF Inc itself.
This ownership position should be treated as historical rather than current. Bank Pembangunan Malaysia Bhd’s 2019 annual report referred to Syarikat Borcos Shipping Sdn. Bhd. as “a former subsidiary of GMV,” recording RM289.56 million due from Borcos within the BPMB group’s sundry receivables, indicating the shareholding relationship had ended, consistent with the company’s reported liquidation from December 2016.
Data availability: shareholder information for Syarikat Borcos Shipping Sdn. Bhd. is best described as historical. The Malaysian company registry snapshot reviewed does not disclose current shareholders, and the GMV/BPMB ownership chain documented here reflects 2011-2013 transactions later described as ended by 2019; no post-liquidation shareholder record was located.
Group Structure
Syarikat Borcos Shipping Sdn. Bhd. is not disclosed as part of a group in the SSM registry data reviewed, which records no parent, subsidiary or ownership linkage for the company. External reporting, however, documents a historical corporate group relationship that the registry snapshot does not capture.
From January 2013, Syarikat Borcos Shipping Sdn. Bhd.’s immediate parent was Global Maritime Ventures Bhd (GMV), a Malaysian investment vehicle that acquired 100% of the company’s equity in stages during 2011-2013 (see the shareholders section of this profile for the reported percentages and dates). GMV was in turn a 90%-owned unit of Bank Pembangunan Malaysia Bhd (BPMB), a Malaysian state development bank wholly owned by the Government of Malaysia through Minister of Finance Incorporated (MoF Inc), identifiable as the company’s ultimate parent on this basis.
This structure is historical rather than current. Bank Pembangunan Malaysia Bhd’s own 2019 annual report described Syarikat Borcos Shipping Sdn. Bhd. as “a former subsidiary of GMV,” consistent with the appointment of KPMG Deal Advisory Sdn Bhd as liquidator of the company at the end of December 2016. No subsidiaries of Syarikat Borcos Shipping Sdn. Bhd. were identified in the sources reviewed.
Verified corporate relationships (historical; not current):
| Entity | Country | Registration number | Relationship | Ownership | Status | Information date |
|---|---|---|---|---|---|---|
| Global Maritime Ventures Bhd | Malaysia | Not disclosed | Immediate parent (historical) | 100% (35% acquired 2011, remaining 65% acquired January 2013) | Historical relationship | January 2013 – 2019 |
| Bank Pembangunan Malaysia Bhd | Malaysia | Not disclosed | Ultimate parent, indirect (historical) | Owned approx. 90% of Global Maritime Ventures Bhd | Historical relationship | 2019 |
Recent structural changes: (1) 2011 – Global Maritime Ventures Bhd acquired a 35% stake in Syarikat Borcos Shipping Sdn. Bhd. for RM146.55 million. (2) January 2013 – Global Maritime Ventures Bhd acquired the remaining 65% from AWH Equity Holdings Sdn Bhd for RM190.45 million, becoming sole shareholder. (3) End-December 2016 – KPMG Deal Advisory Sdn Bhd was appointed liquidator of Syarikat Borcos Shipping Sdn. Bhd., after which Bank Pembangunan Malaysia Bhd’s 2019 annual report described the company as a former GMV subsidiary.
Data availability: corporate-linkage information for Syarikat Borcos Shipping Sdn. Bhd. is best described as historical. The SSM registry snapshot used for this profile records no group structure, and the parent relationship documented above via GMV and BPMB is drawn from external reporting covering 2011 to 2019; no current group structure was identified.
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Frequently Asked Questions
What does SYARIKAT BORCOS SHIPPING SDN. BHD. do?
Syarikat Borcos Shipping Sdn. Bhd. is a Malaysian offshore support vessel operator formed in 1980, providing marine transportation and anchor handling tug supply services to the offshore oil and gas industry from Miri, Sarawak.
Who owns SYARIKAT BORCOS SHIPPING SDN. BHD.?
Global Maritime Ventures Bhd acquired full ownership of Syarikat Borcos Shipping Sdn. Bhd. in stages during 2011 and January 2013, and was itself a 90%-owned unit of Bank Pembangunan Malaysia Bhd, a Malaysian government development bank.
Who is SYARIKAT BORCOS SHIPPING SDN. BHD.'s UBO (Ultimate Beneficial Owner)?
No Ultimate Beneficial Owner (UBO) data is recorded for SYARIKAT BORCOS SHIPPING SDN. BHD.; access to beneficial-ownership data in this jurisdiction is governed by its own register rules.
What is SYARIKAT BORCOS SHIPPING SDN. BHD.'s company registration number?
SYARIKAT BORCOS SHIPPING SDN. BHD.'s registration number is 64135M, filed with Companies Commission of Malaysia (SSM) in Malaysia. Its current status on the register is active.
Is SYARIKAT BORCOS SHIPPING SDN. BHD. still an active company?
SYARIKAT BORCOS SHIPPING SDN. BHD.'s status on Companies Commission of Malaysia (SSM) is listed as active.
What is SYARIKAT BORCOS SHIPPING SDN. BHD.'s registered address?
The registered address on file for SYARIKAT BORCOS SHIPPING SDN. BHD. is miri, Malaysia.
What legal structure is SYARIKAT BORCOS SHIPPING SDN. BHD. registered as?
SYARIKAT BORCOS SHIPPING SDN. BHD. is registered as a Private limited company (Ltd.) in Malaysia.
What is SYARIKAT BORCOS SHIPPING SDN. BHD.'s revenue?
For the financial year ended 31 December 2014, Syarikat Borcos Shipping Sdn. Bhd. reported revenue of RM123.28 million and an after-tax loss of RM238.39 million, with total liabilities exceeding RM510 million against total assets of RM574.34 million.
Does SYARIKAT BORCOS SHIPPING SDN. BHD. have a parent company or subsidiaries?
Bank Pembangunan Malaysia Bhd's 2019 annual report described Syarikat Borcos Shipping Sdn. Bhd. as a former subsidiary of Global Maritime Ventures Bhd, consistent with KPMG Deal Advisory Sdn Bhd's appointment as liquidator of the company at the end of December 2016.
Can Zavia monitor changes to SYARIKAT BORCOS SHIPPING SDN. BHD.'s ownership over time?
This profile reflects a point-in-time snapshot from Companies Commission of Malaysia (SSM). Zavia's monitoring API can track changes to SYARIKAT BORCOS SHIPPING SDN. BHD.'s registered shareholders, officers, and group structure going forward, flagging updates as they're filed rather than requiring a manual recheck.
Can I access SYARIKAT BORCOS SHIPPING SDN. BHD.'s data through an API?
Yes. Zavia's API connects directly to official government ownership registries across 195 countries and territories, including Malaysia, so records like SYARIKAT BORCOS SHIPPING SDN. BHD.'s registration, shareholder, UBO, and group-structure data can be queried programmatically instead of viewed one page at a time.
Where does this company information come from, and how current is it?
This record is sourced directly from Companies Commission of Malaysia (SSM) and was last synced on 13 August 2026.