Deep experience in the marine sector
M&L Group’s Shipping division boasts a rich history in the offshore marine sector. Founded by Mr Michael Kum in 1976 as Offshore Equipment, it provided charter services to oil and gas firms, steadily expanding and rebranding as Miclyn Offshore in 2004, with operations reaching India and the Middle East. The strategic sale of the shipping business in 2008 funded the family’s entry into hospitality, leading to its first acquisition, the Four Points Sheraton in Sydney, now known as the Hyatt Regency Sydney.
In 2015, the Kum family re-entered the offshore sector by acquiring significant holding in MMA Offshore Ltd., an ASX-listed marine services provider. This move underscored their commitment to the offshore industry in the Asia Pacific region, where they held 7.70% equity stake before the company was acquired by Cyan Renewables in 2024.
OUR PORTFOLIO
Steering a steady course for success
In 2017, the family furthered their interest in the offshore marine sector by investing in “Ran Barge 1”, a 400 ft cargo barge to support offshore drilling, construction, and windfarm operations in the North Sea.
2018 saw the family acquire a 50.2% stake in Atlantic Navigation Holdings (S) Ltd (“ANH”), based in the UAE, thru Saeed Investment Pte Ltd. ANH is listed on the Singapore Stock Exchange and provides offshore support vessel OSV chartering services and ship repair, maintenance, and fabrication services. This acquisition enhanced M&L’s presence in the Middle East and diversified its maritime portfolio.
Currently, the family's shipping investments are primarily focused in the offshore marine sector and its assets. They continue to actively explore new opportunities in this sector through strategic partnerships and collaborations. They are committed to sustainable impact investing with the view towards supporting alternative energy sources.
OUR PEOPLE
A legacy built over half a century
M&L shipping is guided by patriarch Michael Kum and a diverse Executive Team with extensive experience in shipping, investment management, and finance.
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