Malaysia’s MISC Berhad scrapped its Straits-Middle East Halal service and the Malaysia East Asia (MES) service, the last of its intra-Asia services, in late February.
Alphaliner reports that the moves come as MISC prepares to make a final exit from its entire container shipping operations by June.
The aggregate loss clocked up by the line since 2007 has ballooned to US$1.6 billion, making it the biggest loser among its rivals, the report added.
For the whole of 2011, MISC Bhd suffered an operating loss of US$215 million in liner shipping and logistics.
The company's average operating margin of 31% in 2011 for its container shipping arm is said to rank as the "worst among all liner operators for the third straight year", Alphaliner said.
