MISC and Bumi Armada weigh up offshore merger 

Malaysia’s top shipping line, MISC, has moved to combine its offshore business with fellow floating production storage and offloading (FPSO) vessel specialist Bumi Armada.  The two companies have entered into a non-binding memorandum of understanding to explore a prospective share-based merger, following market talk of a potential tie-up earlier this year.  “The proposed merger will …