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.

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.
22 Apr 2014
Joseph J. Cortese, who retired last year as U.S. national sales manager at United Arab Shipping Co. after more than 40 years in the shipping industry, died April 20 at his home in Middletown, N.J. He was 67.
REX3/RES2/ARC2 port rotation
24 Mar 2014
CMA CGM, China Shipping Container Lines and United Arab Shipping Co. will launch a new jointly operated, fixed-day weekly service...
Port of Shanghai
12 Mar 2014
Carriers’ schedule reliability from Shanghai to Oakland, Calif., showed the greatest variation in eastbound Asia-to-Southern California route performances...
11 Mar 2014
United Arab Shipping Company’s decision to exercise an option for a sixth 18,000-TEU vessel simultaneously highlighted the growing importance of size as ocean carriers seek to cut unit costs and increased the pressure on rivals to scale up to mega ships.
Cargo containers on a ship
04 Feb 2014
Based on SeaIntel’s monthly Global Liner Performance reports from 2013, container ships reached their destination ports around the world on time 79.5 percent of the time in 2013...
03 Feb 2014
United Arab Shipping Co. today said it has exercised an option for six additional 14,000-TEU container ships, taking its total order book to 16 vessels worth more than $2 billion.
Ship led by tugboat
13 Jan 2014
It’s too early to predict precisely how the container shipping business will play out in the new year, but there is one certainty: The P3 Network will shake things up in a big way. In the six months since Maersk Line, Mediterranean Shipping Co. and CMA CGM announced they would pool their biggest ships in a giant vessel-sharing alliance in the main east-west trades, competing liner companies have been playing catch-up in an effort to match the P3’s market size and power.
Majestic Maersk in Copenhagen
27 Dec 2013
What follows are our picks for the top 10 stories of 2013. Do you agree? Disagree?
UASC container
19 Dec 2013
United Arab Shipping Co. has closed a $1.251 billion loan for the partial financing of seven 14,000-TEU container ships and five 18,000-TEU container ships...
16 Dec 2013
Will there be a CKYH-E?
01 Nov 2013
Major container lines have announced planned rate increases for a variety of trades, as detailed below, slated to take effect in November and December.