Exiting the liner business a sensible thing to do for MISC, say analysts

A SENSIBLE business decision will aptly describe MISC Bhd's move to cease operations of its ailing liner or container shipping services after several attempts to salvage and restructure the segment failed.

MISC's liner business could be considered that of a mid-sized player. It owns 16 containerships with the biggest having the capacity to carry more than 5,000 twenty foot equivalent units (TEUs) and the smallest at about 1,000 TEUs.