Search results for: UASC

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  • 31 May 2011

    United Arab Shipping Company (UASC) announced the conclusion of a $205 million term loan facility with Société Générale Corporate & Investment Banking (SG CIB), acting as Mandated Lead Arranger, and KSURE Agent, on a French Tax structure to finance the acquisition of two A13 (13,100 TEU) vessels out of UASC’s new building order of nine […]

  • 16 December 2014
    Business & Finance

    United Arab Shipping Company (UASC) said it will open a wholly-owned representation office in the Swiss market as of 1st of January 2015. UASC’s new agency in Switzerland (UASAC Switzerland GmbH) will be a subsidiary of UASAC Deutschland GmbH and will take over all agency activities from Fiege Logistics LTD, which represented UASC in the […]

  • 31 May 2011
    Business & Finance

      United Arab Shipping Company (UASC) announced the conclusion of a $205 million term loan facility with Société Générale Corporate & Investment Banking (SG CIB), acting as Mandated Lead Arranger, and KSURE Agent, on a French Tax structure to finance the acquisition of two A13 (13,100 TEU) vessels out of UASC’s new building order of […]

  • 4 April 2012

    13,500 TEU container vessel “Al Ula”, constructed at Samsung Heavy Industries’ (SHI) shipyard in Geoje – South Korea, was named on April 2nd 2012 during her maiden voyage. The Naming Ceremony was hosted jointly by UASC and UASAC (KSA) in collaboration with the Red Sea Gate Terminal (RSGT), held at the Jeddah Islamic Port. “Al […]

  • 13 July 2016
    Business & Finance

    Dubai-based container shipping firm United Arab Shipping Company (UASC) is considering to sell its USD 600 million-worth chemical tanker segment as part of the merger plans with the German shipping line Hapag-Lloyd AG, Bloomberg cited sources familiar with the matter. The company is reportedly working with the Bank of America Corp. to find buyers for its stake in United […]

  • 18 April 2012
    Business & Finance

    United Arab Shipping Company (UASC) has taken delivery of its eighth A13 (13,500 TEU) container vessel “AL QIBLA”, during a Naming Ceremony held at the Samsung Heavy Industries (SHI) shipyard in Geoje, South Korea, where the vessel was named by her sponsor, Mr Othman Ibrahim Al-Issa, Chairman of UASC’s board of directors. In a speech […]

  • 3 February 2014
    Business & Finance

    United Arab Shipping Company (UASC) revealed that options for six additional 14,000 TEU vessels have been exercised bringing the total order to 16 ships. The order has been placed with Hyundai Heavy Industries (HHI) in Korea and is the largest in UASC’s history, worth over US$ 2 billion including all options. The order features vessels […]

  • 10 March 2014

    United Arab Shipping Company (UASC) announced that the final option for one additional 18,000 TEU vessel has been exercised bringing the total order to 17 ships including eleven 14,000 TEU vessels and six 18,000 TEU vessels. The order has been placed with Hyundai Heavy Industries (HHI) in Korea and is the largest in UASC’s history, […]

  • 3 February 2014

    United Arab Shipping Company (UASC) has placed an order for six additional 14,000 TEU vessels bringing the total number of newbuildings to 16. The order has been placed with Hyundai Heavy Industries (HHI) in Korea and is the largest in UASC’s history, worth over $ 2 billion including all options. The order features vessels that […]

  • 14 January 2016
    Business & Finance

    The world’s greenest ultra-large container vessel, the 18,800 TEU MV Al Zubara, passed through the new Suez Canal this week to mark the United Arab Shipping Company’s (UASC) 40th anniversary in the shipping business. “Initiating UASC’s 40th anniversary celebrations from the Suez Canal makes perfect sense given its strategic location, being the fastest maritime route connecting Asia to […]

  • 4 April 2012
    Business & Finance

    13,500 TEU container vessel “Al Ula”, constructed at Samsung Heavy Industries’ (SHI) shipyard in Geoje – South Korea, was named on April 2nd 2012 during her maiden voyage. The Naming Ceremony was hosted jointly by UASC and UASAC (KSA) in collaboration with the Red Sea Gate Terminal (RSGT), held at the Jeddah Islamic Port. “Al […]

  • 10 March 2014
    Business & Finance

    The United Arab Shipping Company’s (UASC) ordering spree has come to an end with a final order for one 18,000 TEU container vessel at Hyundai Heavy Industries (HHI) in Korea. The company announced yesterday that the final option for additional boxship had been exercised, bringing the total order to 17 ships, including eleven 14,000 TEU […]

  • 16 February 2015
    Business & Finance

    United Arab Shipping Company (UASC), the French liner CMA CGM and Germany’s Hamburg Süd have agreed to form a new service on the Transatlantic North trade routes, linking Northern Europe with the United States East Coast. The new service, starting in the third week of May, will call at the ports of Antwerp, Rotterdam, Bremerhaven, Le Havre, Southampton, […]

  • 11 November 2014
    Business & Finance

    Container shipping line United Arab Shipping Company (UASC) revealed plans to make significant investment in new reefer units at WOP Dubai, the international perishables expo for the Middle East. UASC said that the expansion of its fleet of refrigerated units and enhanced geographic access to the South America trades – following UASC’s recently announced cooperation […]

  • 4 September 2013
    Vessels

    United Arab Shipping Company (UASC) is proud to announce signing of a vessel newbuilding program for some of the greenest and largest container vessels in the world. The order has been placed with Hyundai Heavy Industries (HHI) in Korea. The order, the largest in UASC’s history, is worth over US$ 2 billion including all options, […]

  • 18 April 2012

    United Arab Shipping Company (UASC) has taken delivery of its eighth A13 (13,500 TEU) container vessel “AL QIBLA”, during a Naming Ceremony held at the Samsung Heavy Industries (SHI) shipyard in Geoje, South Korea, where the vessel was named by her sponsor, Mr Othman Ibrahim Al-Issa, Chairman of UASC’s board of directors. In a speech […]

  • 29 April 2015
    Business & Finance

    United Arab Shipping Company (UASC) named its first LNG-ready ultra-large container vessel at Hyundai Samho Heavy Industries (HSHI), Mokpo South Korea today. With a loading capacity of 18,800 TEU, the DNV GL classed vessel M.V. ‘Barzan’ will be the largest in UASC’s fleet to date and will set new standards for fuel and energy efficiency, due to […]

  • 26 June 2014
    Business & Finance

    United Arab Shipping Company S.A.G. (UASC) has concluded a bilateral facility worth USD 190 million with Burgan Bank’s Corporate Banking Group to finance the acquisition of two 14,000 TEU vessels forming part of UASC’s newbuilding order of seventeen vessels, comprised of eleven 14,000 TEU vessels and six 18,000 TEU vessels. UASC has ordered these ultra […]

  • 6 February 2014

    United Arab Shipping Company (UASC) said that options for six additional 14,000 TEU vessels have been exercised bringing the total order to 16 ships. The order has been placed with Hyundai Heavy Industries (HHI) in Korea and is the largest in UASC’s history, worth over US$ 2 billion including all options. The order features vessels […]

  • 9 February 2015
    Business & Finance

    United Arab Shipping Company (UASC) has appointed the Ultramar Group as its local liner shipping agency partner in Brazil, Argentina and Uruguay as the liner company eyes greater presence in South America. The appointment comes in the wake of UASC’s long-term general cooperation agreement with the Hamburg Süd Group that is set to  expand UASC’ […]

  • 20 May 2015
    Business & Finance

    Middle Eastern container line United Arab Shipping Company (UASC) has established a wholly UASC-operated agency in Jordan.  Uffe Østergaard, Chief Commercial Officer at UASC, said that Jordan is a key market for the line. UASC is therefore invested in recruitment of new staff to operate the agency in Jordan. The company  says that it has a long standing tradition and […]

  • 24 May 2017
    Business & Finance

    Several Gulf-based shipping companies have been identified as potential bidders interested in taking a stake in the United Arab Chemical Carriers (UACC), a subsidiary of United Arab Shipping Company (UASC), including Bahri and Milaha, Reuters reports. The sale is directly linked to the now completed merger between liner carriers Hapag-Lloyd and UASC, as it was set as one of […]