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MISC Berhad (MYX: 3816) was incorporated in 1968 as Malaysia International Shipping Corporation Berhad and is the leading international shipping line of Malaysia. In September 2005, Malaysia International Shipping Corporation Berhad adopted its present corporate identity and changed its name to MISC Berhad.
In 1968, Malaysian businessman Robert Kuok sought Tsao's help with setting up Malaysia's first national shipping company, Malaysia International Shipping Corporation (MISC), and Tsao became the company's co-founder. He initially owned 15% of MISC's shares, second to the Kuok Brothers' 20%, and served as its Vice Chairman.
Malaysia Marine and Heavy Engineering Holdings Berhad (abbreviated MHB: MYX: 5186) is a Malaysian owned shipbuilding and heavy engineering industries company. It was formerly known as Malaysia Shipyard and Engineering Sdn Bhd. MHB has been long involved in oil and gas engineering and construction works.
From a fleet of just three tankers, the company grew to become a major force in that rapidly developing market. In April 2003, it was announced that AET would become a wholly owned subsidiary of international logistics provider MISC Berhad (formerly the Malaysian International Shipping Corporation). The sale was finalised in July 2003.
Its first LPG joint venture in China was launched that year, and the company acquired a 29.3% interest in Malaysia International Shipping Corporation Berhad (MISC). In 1998, Petronas' tanker-related subsidiary merged with MISC, increasing Petronas' stake in MISC to 62%.
Malaysia’s government announced Wednesday that it was imposing a ban on all Israeli owned and flagged ships, as well as any vessels headed to Israel, from docking at its ports.