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.

27 Apr 2016
Standard & Poor’s has placed Hapag-Lloyd on negative credit watch.
24 Jun 2015
United Arab Shipping Co. gained regulatory breathing room Wednesday when the U.S. Federal Maritime Commission unanimously voted to grant the the Qatar-controlled carrier exemptions from filing rules required by it being on the “controlled carrier” list.
01 Jun 2015
United Arab Shipping Co. is seeking to broaden its service reach by adding refrigerated container capacity and joining CMA CGM and Hamburg Sud in a weekly vessel-sharing agreement in a bid for a bigger slice of trans-Atlantic trade.
26 May 2015
CMA CGM is launching a trans-Atlantic service with Hamburg Sud and United Arab Shipping Co., and enhancing another service after the French carrier shipped 35 percent more volume between the U.S. East Coast and North Europe in the first three months compared to the same period year ago.
22 May 2015
United Arab Shipping Co., a member of the Ocean Three Alliance, has taken delivery of the world’s greenest ultra-large container ship.
Hamburg Sud container ship
04 May 2015
Increasing cooperation between Hamburg Sud and carriers in the Ocean Three Alliance suggests it “seems only a matter of time” before the German container line joins the alliance, Drewry Container Insight said in a speculative commentary this week.