MISC Berhad, 3rd Largest Shipping Company In The World* To Expand Its’ Presence In The Middle East
8 February 2010

MISC Berhad, the 3rd largest shipping company in the world, is pleased to announce that it is expanding its presence in the Middle East and has opened a new Regional Office in Dubai, United Arab Emirates.

The MISC Regional Office Middle East (ROM) is set to strengthen MISC’s commitment to our customers in the Middle East and further enhances MISC’s role as a leading transportation partner to the region.

According to Amir Hamzah Azizan, President/CEO of MISC, the move to further strengthen their presence in the Middle East is in line with MISC’s strategy to become one of the leading players in the Intra‐Asia Liner trade, with a focus on the niche Halal market.

“The Halal food industry in the Gulf Cooperation Council (GCC) countries is estimated to be worth more than US 43 billion, and the Emirate’s food processing sector is expected to rise by 11% annually,” said Amir, in his speech during the official Opening Ceremony, which was held at the Shangri‐La Hotel, Dubai, earlier today. “Recognising the high potential of Halal logistics here and in line with the Malaysian Government's plan to turn Malaysia into a regional Halal Centre for Asia, MISC has launched several key initiatives to become a leading Halal player in the region.”

Firstly, the company has launched the MISC Halal Express Service 1 and 2, which continues to increase in demand throughout the years. HES 1 is currently seeing 100% slot utilisation and HES 2 is seeing 90% slot utilisation.

Secondly, MISC’s subsidiary, MISC Integrated Logistics (MILS), is in a joint‐venture with Rais Hassan Saadi, to create an exclusive Halal Hub Facility in the region. The partnership will link the MILS Logistics Hub (MLH) at Pulau Indah, Malaysia with the Air Cargo Hub in Dubai.

Furthermore, as a leading energy transporter, MISC plays a strong role in the Middle East energy trade. The company has been transporting oil and gas to some of the region’s leading energy producers, like Yemen LNG and TOTAL and its new ground presence in the Middle East will see MISC play a bigger role in the regions Oil and Gas future, as well as allow MISC to further enhance the transportation experience of their customers.

MISC’s new regional office is located at RHS Building, Bur Dubai and can be reached by phone at + 9714 3920505.

*By market capitalization