UASC Celebrates World’s Greenest Vessel
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 have collectively contributed to backing UASC’s newbuilding program, comprising eleven 15,000teu vessels and six 18,800teu vessels. Members of UASC’s Board of Directors and Executive Management, as well as more than 60 representatives from leading banks and financial institutions from around the world participated in the day-long event that included a guided tour on-board the 18,800teu M.V. Al Muraykh, while on its maiden voyage in North Europe.
UASC Ups Mega-Container Ship Order to 17
United Arab Shipping Company (UASC) says it has taken up the option with Korea's Hyundai Heavy Industries (HHI) for one additional 18,000 TEU vessels, bringing the total order to 17 ships including eleven 14,000 TEU vessels and six 18,000 TEU vessels. The 14,000 TEU and 18,000 TEU newbuildings are scheduled for delivery from late 2014 and from the first half of 2015, respectively. UASC hosted a signing ceremony in Dubai where the newbuilding contract was signed by His Excellency Salem Ali Al Zaabi, Chairman of the UASC Board of Directors, and by Mr. Y. J. Ji of HHI.
USAC, HHI Ink $2 Billion in Newbuildings
UASC Cements its largest ever newbuilding order by exercising options for six 14,000 TEU boxships. United Arab Shipping Company (UASC) announced Sunday that options for six additional 14,000 TEU vessels have been exercised bringing the total order to 16 ships. The order has been placed with Hyundai Heavy Industries (HHI) in Korea and is the largest in UASC’s history, worth over US$ 2 billion including all options. The order features vessels that will be amongst the largest, most technologically advanced, and most environmentally friendly container vessels ever built.
UASC Poised for Expansion, Appoints New Executives
The United Arab Shipping Company (UASC) announce two senior executive appointments to further position the company for its next phase of growth. The company says its major transformation and investment program which is underway, calls for a new operating model to support the business. The appointments provide the depth and breadth to UASC’s Executive Management team to deliver on ambitious growth plans. “UASC is preparing for significant changes on the back of new capacity coming into service with a major program of new vessel acquisition”, said Jorn Hinge, UASC President and CEO.
UASC Announces Expansion Plans
UASC announced two senior executive appointments to further position the company for its next phase of growth. The major transformation and investment program which is underway, calls for a new operating model to support the business. The appointments provide the depth and breadth to UASC’s Executive Management team to deliver on ambitious growth plans. “UASC is preparing for significant changes on the back of new capacity coming into service with a major program of new vessel acquisition,” said Jorn Hinge, UASC President and CEO.
