 However, a management and financial crisis in 2005 result the Malaysian Government to enforced the PSC-ND to be merged under Boustead Holding Bhd and renamed Boustead Naval Shipyard Sdn Bhd.The company has since been taken over by Boustead Heavy Industries Corporation Berhad.PSC - Naval Dockyard was born out of the Royal Malaysian Navy’s dockyard facilities which was to provide ship repairs and maintenance services.