UASC Ups Mega-Container Ship Order to 17

MarineLink.com
Monday, March 10, 2014
Mega-containership sign-up: Image courtesy of UASC

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. The ceremony was also attended by representatives from UASC’s Executive Management and senior management from HHI to mark the auspicious occasion.

His Excellency Mr. Salem Ali Al Zaabi remarked, “With the exercising of this final purchase option for one 18,000 TEU vessel, UASC completes its current newbuilding order in full. Today thus marks another important milestone in UASC’s transformation and growth story. Among our other assets, these vessels and UASC’s enhanced partnership agreements enable the Company to improve its competitiveness in the key trade lane between Asia and Europe where the 18,000 TEU vessels will be deployed."

"UASC is committed to improve its competitive position in all key trades in which it operates and especially in other key trades where the Company’s existing 13,500 TEU and under-construction 14,000 TEU vessels will be deployed. With deliveries of the 17 vessels scheduled to begin in late 2014, the Company is now fully engaged in implementing its growth strategy. In an environment where fuel oil remains the largest cost driver in the industry, our cutting-edge vessel designs have been developed with a clear focus on improving cost efficiency and enhancing environmental friendliness."

"This brings a clear benefit to our customers and UASC is proud to be a leader in the industry in these respects. All of these new ships will enjoy the most advanced fuel economy in the industry including, among others, being delivered as ‘LNG ready’; a first in the industry for vessels of this size.”

Pictured in foreground: His Excellency Mr. Salem Ali Al Zaabi & Mr. Y. J. Ji

 

Maritime Reporter February 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Brazil Truck Strike Diminishes

Some truck drivers in Brazil continued blocking roads on Tuesday, slowing grains deliveries to southern ports, even as adherence to the strike diminished and a

New Research Group to Spur Maritime Transport

A new research initiative, entitled Vessels for the Future, was launched with the aim of improve shipping’s safety record, sustainability and global competitiveness.

Former BP Boss Browne is DEA Chairman

Lord John Browne heads DEA's supervisory board * LetterOne co-owners Fridman, Khan also join * Unit changes name to DEA Deutsche Erdoel AG FRANKFURT, March 3 (Reuters) - DEA,

Contracts

Former BP Boss Browne is DEA Chairman

Lord John Browne heads DEA's supervisory board * LetterOne co-owners Fridman, Khan also join * Unit changes name to DEA Deutsche Erdoel AG FRANKFURT, March 3 (Reuters) - DEA,

Holland America Line Appoints Geivett as Director, Social Media

Holland America Line has hired Kathryn Geivett as director, social media. In this capacity Geivett’s primary responsibility will be to drive, plan and oversee

Faster Rotterdam-St Petersburg Link

The Rotterdam (Netherlands)-based neutral consolidator FPS Famous Pacific Shipping has launched a new, weekly ocean LCL service from Rotterdam to St Petersburg

Shipbuilding

BW LPG Exercises Purchase Option on Vermilion First

BW LPG Limited exercises purchase option over Very Large Gas Carrier Vermilion First. The VLGC Vermilion First has been on a time charter with BW LPG since

MV Sheila Bordelon to be Christened

Bordelon Marine is partnering with Susan G. Komen as part of its continuing relationship to christen the MV Shelia Bordelon on Friday, March 20th at Bordelon Marine Shipbuilders in Houma, LA.

25,000-TEU Ships Possible, Not Practical

Maersk Line CEO Soren Skou said ships with capacities of 25,000 twenty-foot-equivalent units are possible but not practical today, and that he expects 18,000-19,

Container Ships

Faster Rotterdam-St Petersburg Link

The Rotterdam (Netherlands)-based neutral consolidator FPS Famous Pacific Shipping has launched a new, weekly ocean LCL service from Rotterdam to St Petersburg

Lomar Adds Seven Container Ships to its Fleet

Lomar Corporation, a Libra Group company, has again added to its fleet of container ships with the purchase of three vessels plus an order for up to four new buildings from the Yangzijiang Shipyard,

25,000-TEU Ships Possible, Not Practical

Maersk Line CEO Soren Skou said ships with capacities of 25,000 twenty-foot-equivalent units are possible but not practical today, and that he expects 18,000-19,

 
 
Maritime Contracts Maritime Standards Navigation Offshore Oil Pipelines Pod Propulsion Salvage Ship Repair Ship Simulators Sonar
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1939 sec (5 req/sec)