Topic “MISC” — Exporter Magazine

Maersk Line, the world’s largest container shipping line, operating in conjunction with Malaysia International Shipping Corporation Berhad (MISC), has announced plans to relocate their Southern Star service to Port of Tauranga. Petroliam Nasional Bhd-controlled shipping liner MISC Bhd is discontinuing its container shipping business that has lost US$789 million (RM2.52 billion) the past three years to better focus on serving clients in the energy sector, according to the Edge financial daily. Meanwhile struggling Chilean container line CSAV is also looking for a buyer for its container business.