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.

23 Nov 2016
Merger will create the world's fifth-largest container line.
22 Nov 2016
The merger would create the fifth-largest container line.
14 Nov 2016
Hapag-Lloyd posted a higher net profit in the third quarter, but the German container line’s operating result dipped.
08 Nov 2016
THE Alliance on Tuesday announced details of its network of routes and port calls.
01 Nov 2016
Hapag-Lloyd has filed concessions to European Union competition regulators to secure approval for a planned merger with the United Arab Shipping Company.
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.