Bloomberg News

MISC Corp. to Exit Container Shipping After 3 Years of Losses

November 24, 2011

Nov. 24 (Bloomberg) -- MISC Corp., the world’s largest owner-operator of liquefied natural gas tankers, said it has decided to exit the container shipping business.

The decision has been hastened by present “difficult” operating conditions resulting in total losses of $789 million over the past three financial years, the Kuala Lumpur-based company said in an exchange filing today.

Link to Statement:{NSN LV5K1L3TT9TS <GO>}

To contact the editor responsible for this story: Barry Porter at bporter10@bloomberg.net


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