MISC dismisses AET sale rumours

MISC dismisses AET sale rumours

London: Malaysia’s state-owned shipping company MISC has dismissed rumours that it plans to sell its AET, its petroleum tanker subsidiary.

“In response to recent market speculation, MISC confirms that petroleum shipping is a core element of its current and ongoing business and, as such, has no plans to divest itself of its petroleum tanker subsidiary,” the company said in a statement today.

Previous reports suggested that AET, which owns a fleet of 74 crude oil and product tankers, was to be sold to NYSE-listed Teekay Tankers.

 

Holly Birkett

Holly is Splash's Online Editor and correspondent for the UK and Mediterranean. She has been a maritime journalist since 2010, and has written for and edited several trade publications. She is currently studying for membership of the Institute of Chartered Shipbrokers. In 2013, Holly won the Seahorse Club's Social Media Journalist of the Year award. She is currently based in London.

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