United Arab Shipping

UASC, or United Arab Shipping Company, is the world’s 18th-largest container shipping company, with 53 vessels with a combined capacity of approximately 400,000 TEUs. Founded in 1976, the Dubai-based ocean carrier serves Asia from Singapore, Northern Europe from Hamburg, the Middle East and Indian Subcontinent from Dubai, the Mediterranean and North Africa from Istanbul, and the Americas from Cranford, New Jersey, USA.

UASC, the largest shipping company in the Middle East, was established jointly by the six Gulf Arab states Bahrain, Iraq, Kuwait, Qatar, Saudi Arabia and U.A.E.

UASC was the 19th-ranked container carrier in U.S containerized import trade in 2013, with volume of 186,944 TEUs, up 56.2 percent year-over-year, giving it market share of 1.0 percent. It was No. 21 in U.S. containerized export trade in 2013, with volume of 134,348 TEUs, up 17.8 percent year-over-year and market share of 1.1 percent. For more carrier rankings see the JOC’s Top 40 Container Carriers special topic.

The financial benefits of a merger between Hapag-Lloyd and United Arab Shipping Company could begin to materialize for both liners as soon as next year.
26 Aug 2016
Hapag-Lloyd shareholders Friday paved the way to a merger with United Arab Shipping Company and creation of the world’s fifth-largest container shipping line.
This is the first time United Arab Shipping Company's financials have been made public, revealing that the company's poor operating margins were exceeded only by Hanjin Shipping and Hyundai Merchant Marine.
24 Aug 2016
Hapag-Lloyd revealed that the United Arab Shipping Company booked a loss in 2015 and is still losing money ahead of a shareholders’ meeting to clear the way for a merger.
18 Jul 2016
Hapag-Lloyd and United Arab Shipping Company Monday signed a merger agreement.
07 Jul 2016
“The commitments aim to increase price transparency for customers and to reduce the likelihood of coordinating prices,” the European Commission said.
29 Jun 2016
United Arab Shipping Company’s shareholders voted for a merger with German carrier Hapag-Lloyd.
28 Jun 2016
Hapag-Lloyd Tuesday said it had reached an agreement on the terms and conditions of a merger with United Arab Shipping Co.
United Arab Shipping Company will charge shippers for the creation of VGM data.
08 Jun 2016
Shippers have been told by another carrier of the steep cost of non-compliance with the new container weighing regulations.
United Arab Shipping Company is the latest container line to choose Inttra to help comply with SOLAS.
07 Jun 2016
United Arab Shipping Company is the latest container line to choose Inttra to help comply with a new international container weighing regulation.
02 Jun 2016
The shareholders of United Arab Shipping Co. signaled support for a proposed merger with Hapag-Lloyd.
25 May 2016
Hapag-Lloyd has postponed its annual shareholders’ meeting scheduled for June 1.
19 May 2016
United Arab Shipping Company shareholders are to vote early next month on a cooperation deal with Hapag-Lloyd.
12 May 2016
Five non-vessel-operating common carriers and forwarders have paid the U.S. Federal Maritime Commission to settle allegations they misrepresented cargo to carriers.