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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 ...
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Lou Roll
March 25, 2014 at 12:45 pmIn the same vein, it should also be mentioned that Felda Global Ventures Holdings Sdn. Bhd. (“FGV”) a Malaysian-based global agricultural and agri-commodities company with worldwide operations in oil palm, rubber, soybean and canola products, oleochemicals and sugar products…etc, announced this month that it is considering spinning-off its large transportation and logistics division, by merging it with an existing independent logistics services company. The Malaysian company Century Logistics Holdings Bhd was mentioned as a possible partner into this exercise.