Marine and Shipbuilding Monthly Journal
Seoul Ra-11997(ISSN: 2005-3061)



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    UASC completes landmark & award winning finance deal [May 2016] United Arab Shipping Company (UASC) announced today the recent successful conclusion of a series of transactions that resulted in the issuance by a U.S. based trust of USD 162 million of Enhanced Maritime Trust Certificates (EMTC). The EMTCs were issued in an offering pursuant to Section 4(a)(2) and Regulation S under the U.S. Securities Act,
    Qatargas, Shell and UASC Continue to Lead the Way in the Development of Liquefied Natural Gas as a Marine Fuel [Apr 2016] This is the second such agreement signed by Qatargas and Shell in as many months and establishes another core partnership within the shipping industry. The MOU was signed at a ceremony attended by Qatargas Chief Executive Officer,
    UASC and Gulftainer mark 15,000 TEU green vessel maiden call to Khorfakkan Port [Apr 2016] United Arab Shipping Company, a leading container shipping line and emerging global carrier, and Gulftainer, the world’s largest privately-owned, independent port operator based in the UAE, marked the maiden call of UASC’s 15,000 TEU M.V. Linah into Khorfakkan Container Terminal, at an event today.
    UASC continues to grow in South America [Apr 2016] United Arab Shipping Company (UASC) announced today the opening of a new joint-venture agency in Uruguay and participation in this year’s Intermodal South America exhibition, opening today in Sao Paulo and running until 7th April. These initiatives are part of the carrier’s ambitious growth plans and customer-focused strategy,
    UASC North America appoints TRAC Intermodal as sole chassis provider [Mar 2016] United Arab Shipping Company (UASC), a leading container shipping line and emerging global carrier announced today the appointment of TRAC Intermodal, a primary supplier of chassis solutions to the intermodal industry, as its sole chassis provider across the United States. Commenting on the partnership, Stuart Sandlin,
    World’s greenest ultra-large container vessel calls Red Sea Gateway Terminal in Jeddah Islamic Port [Feb 2016] United Arab Shipping Company (UASC) and Red Sea Gateway Terminal (RSGT) celebrated the world’s greenest ultra-large container vessel 18,800TEU M.V. Al Nefud during its maiden call to RSGT at Jeddah Islamic Port today. The event was attended by Dr. Nabeel Al-Amudi, President of
    UASC celebrates the world’s greenest vessel passing through the new Suez Canal [Jan 2016] United Arab Shipping Company (UASC) and Ahli United Bank, Egypt marked the passing of 18,800 TEU Vessel M.V. Al Zubara, the world’s greenest ultra-large container vessel, through the new Suez Canal this week. The event is one of the first in a series of activities being organized by
    ...................................................................................................................[Press releases 2015]
    UASC celebrates the world’s greenest vessel with financing partners [Oct 2015] \ United Arab Shipping Company (UASC) hosted an event in Hamburg this week to celebrate one of the world’s most environmentally friendly ultra-large container vessels M.V. Al Muraykh, delivered in August 2015, with its banking partners. The event was held to acknowledge UASC’s financing partners who
    UASC announces continued reefer offering expansion at WOP2015 [Oct 2015] United Arab Shipping Company (UASC), a leading container shipping line and global carrier, confirmed today that its reefer business will continue to expand, offering customers’ modern equipment and reefer cargo expertise in transporting chilled and frozen cargo. Following several initiatives including significant investment
    UASC launches new services to West Africa [Sep 2015] Dubai, September 6th 2015: United Arab Shipping Company (UASC) has launched two new West Africa services (WAF 2 and WAF3) enhancing schedule reliability and transit times to meet the growing demand and customer requirements in the West African market. The new services, effective September 2015, will operate in addition to UASC’s existing WAF1 service.
    UASC appoints new leadership to Board of Directors [Jul 2015] United Arab Shipping Company (UASC) has announced the appointment of Dr. Nabeel Al-Amudi as the new Chairman of the Company’s Board of Directors, and HE Sheikh Ali bin Jassim bin Mohammad Al-Thani, as Vice-Chairman. Dr. Al Amudi, HE Al-Thani and the rest of the Board will be responsible for
    UASC achieves ISO 27001 Certification for information security system [Jul 2015] United Arab Shipping Company (UASC), a leading container shipping line today announced it has achieved the International Organization for Standardization Certification (ISO 27001:2013) from BSI Middle East and Africa. The Certification was awarded for its information security management system (ISMS) in place to secure
    UASC enters new phase of expansion [May 2015] United Arab Shipping Company (UASC), a leading container shipping line recently announced the launch of a North Europe - US East Coast (NEU1) service as well as an order of 3,500 reefer containers. The new NEU1 service is part of UASC’s strategic global network to provide customers with worldwide transportation access and reach.
    UASC names the world’s most environmentally friendly ultra-large container vessel [Apr 2015] United Arab Shipping Company (UASC) named the industry’s most eco-efficient container vessel at Hyundai Samho Heavy Industries (HSHI), Mokpo South Korea today. M.V. ‘Barzan’ is a part of the industry’s first LNG-ready ultra-large container vessel fleet.
    UASC enters North Atlantic trade [Feb 2015] United Arab Shipping Company, a leading container shipping line and emerging global carrier, has announced that it has agreed a new partnership with CMA CGM and Hamburg Sud to enter the North Atlantic trade. Through this new vessel sharing agreement, the three partner companies will operate a service on the Transatlantic North trade, linking Northern Europe with the United States East Coast.
    UASC expands in South America [Feb 2015] United Arab Shipping Company (UASC), a leading container shipping line and emerging global carrier, has today appointed The Ultramar Group as its local liner shipping agency partner in Brazil, Argentina and Uruguay. This appointment is the latest milestone in UASC’s expanding presence in South America and will be instrumental to UASC’s growth plans.
    UASC orders 2,000 new reefer units [Jan 2015] United Arab Shipping Company (UASC), a leading container shipping line and emerging global carrier, has today announced an order of 2,000 reefer containers from Daikin. The order marks the first milestone in the expansion of UASC’s reefer services and underpins the company’s ongoing investment in the most cutting-edge,
    ......................................................................................................[Previous press releases 2014]
    UASC to open a wholly-owned agency in Switzerland [Dec 2014] United Arab Shipping Company (UASC), a leading global shipping company based in the Middle East announced today that it will open a wholly-owned representation 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
    UASC unveils plans to expand reefer business [Nov 2014] Plans to ramp-up modern reefer fleet to be announced at WOP Dubai 2014, cementing reefer business as central to UASC’s ambitious expansion strategy United Arab Shipping Company (UASC), a leading container shipping line and emerging global carrier, plans to make significant investment in new reefer units,
    UASC and Burgan Bank sign a USD 190 million facility [Jun 2014] United Arab Shipping Company S.A.G. has announced concluding a bilateral facility worth USD 190 million with Burgan Bank’s Corporate Banking Group to finance the acquisition of two 14,000 TEU vessels from among UASC's new building order of seventeen vessels comprised of eleven 14,000 TEU vessels and six 18,000 TEU vessels.
    UASC and Burgan Bank sign a USD 190 million facility [May 2014] United Arab Shipping Company S.A.G. has announced concluding a bilateral facility worth USD 190 million with Burgan Bank’s Corporate Banking Group to finance the acquisition of two 14,000 TEU vessels from among UASC's new building order of seventeen vessels comprised of eleven 14,000 TEU vessels and six 18,000 TEU vessels.
    UASC, exercising the final option for one 18,000 TEU vessel in HHI [Mar 2014] UASC, 현데중공업에 18,000TEU급 컨선 1척에 대한 마지막 옵션 행사 - UASC is pleased to announce 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 in Korea
    UASC cements its largest ever newbuilding order by exercising options for six 14,000 TEU vessels [Feb 2014] UASC is proud to announce 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.
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