United Arab Shipping

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.

28 Oct 2014
Flames raged aboard two container ships, one from UASC, another from Hamburg Sud on Monday after the ships collided at Port Klang near Kuala Lumpur.
21 Oct 2014
The Ocean Three Alliance of CMA CGM, China Shipping and United Arab Shipping Co. has received U.S. regulatory clearance without the standard 45-day review by the Federal Maritime Commission, but Commissioner Richard Lidinsky isn’t happy about it.
15 Oct 2014
A record number of ship deliveries will combine with declining scrapping rates and mid-single-digit growth in volume to extend the gap between container ship supply and demand through 2015, according to a leading maritime research consultant.
UASC
26 Sep 2014
United Arab Shipping Co. expects that as mega-alliances increasingly consolidate the container shipping market, freight rates will stabilize, which could be bad news for shippers.
24 Sep 2014
Hamburg Sud and United Arab Shipping Co.
Hapag-Lloyd's Hamburg Express container ship
14 Sep 2014
Container freight rates will stabilize and may trend upward over the next few years despite the existing overcapacity of vessel space because of the expansion of existing carrier alliances and the creation of new ones, according to Rolf Habben Jansen, CEO of Hapag-Lloyd.
10 Sep 2014
A massive shift in market share on the east-west trades is in the pipeline as the order book of the Ocean Three (O3) and 2M alliances will see their combined megavessel capacity eclipse that of their more established G6 and CKYHE rivals.
Malik al Ashtar container ship of UASC
09 Sep 2014
CMA CGM, China Shipping Container Lines and United Arab Shipping Co. today ended weeks of feverish speculation by unveiling the "Ocean Three" alliance that will operate some of the world’s biggest container vessels on the major east-west liner trade routes.
China Shipping container ship
08 Sep 2014
The three container lines planning to link up in a new vessel sharing agreement — CMA CGM, United Arab Shipping Co. and China Shipping Container Line — will initially operate 18 separate services covering the four major east-west trades, sources say.
UASC container ship
07 Sep 2014
CMA CGM, United Arab Shipping Co. and China Shipping Container Line will soon announce the formation of a new east-west vessel-sharing agreement, according to industry sources reached and news reports circulating Friday.
Weekly wrap-up: Top 50 container ports, carrier earnings and congestion
06 Sep 2014
Three container lines that have yet to declare their allegiance to an east-west alliance — CMA CGM, United Arab Shipping Co. and China Shipping Container Line — will soon announce...
Ocean carrier rate revision roundup for Aug. 29
29 Aug 2014
Several container lines have planned general rate increases in trade lanes in the next two months, but any gains achieved could be fleeting as overcapacity and sluggish global demand continue.