Lumut Naval Shipyard (LUNAS) is a shipbuilding company owned by Malaysia. This company is located in Lumut, Perak which is one of the Royal Malaysian Navy (RMN) bases and has several other shipyards throughout Malaysia.[1] The main business of LUNAS is the maintenance and manufacturing of ships as well as the construction of heavy engineering structures and offshore structures.[2]
History
This company began operations in 1984 and was known as the Royal Malaysia Navy Dockyard. The company was later incorporated in 1991 and privatized in 1995 as PSC-Naval Dockyard. In 2005, the management and financial crisis led to it being taken over by Boustead Holdings, which renamed it the Boustead Naval Shipyard (BNS).[3] BNS was then placed under Boustead Holdings subsidiary Boustead Heavy Industries Corporation (BHIC).