KUALA LUMPUR (June 21): MTT Shipping Sdn Bhd a company that owns and manages a fleet of container vessels, is weighing an initial public offering in Malaysia that could raise about RM250 million ($60 million), according to people familiar with the matter.

* Co is working with advisers and is aiming to list on the domestic stock exchange next year, said the people, who have asked not to be named as the information is private

* MTT has 9 ships with a total of 12,049 twenty-foot equivalent units as of March, according to Alphaliner Ranking, a global reference on liner shipping

* Discussions are still ongoing and may not result in a deal: people

* MTT is considering what would be an appropriate route after working with various parties on funding options, Clarice Ong, its director for corporate affairs says in emailed response to Bloomberg

** The board will make a decision in the very near future, Ong added