© Khunaspix Dreamstime.
By Mike Wackett
A transport group with a logistics subsidiary may have an uneasy relationship: think gamekeeper and poacher. MISC Berhad, the national shipping company of Malaysia, has decided that logistics no longer fits with its focus on core business – which these days is energy transportation and, particularly, the rush for LNG – and has decided to sell up. Having been badly burnt by the volatilty of container liner business – for many years it operated a container service between Asia and Europe – MISC clearly feels now it can also do without the cut and thrust of being a forwarder.