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.
21 Apr 2016
Hapag-Lloyd and United Arab Shipping Company are in merger talks, in a surprise move that will accelerate consolidation in the troubled container shipping industry.
11 Apr 2016
Rapidly expanding United Arab Shipping Company announced that it is beefing up its East Coast South America operations with a new joint venture agency in Uruguay as part of a broader strategic push in the region, fueled by expected growth in refrigerated shipments.
chassis piled at port
29 Mar 2016
United Arab Shipping Co. has appointed TRAC Intermodal as the carrier’s sole chassis provider in the United States. Stuart Sandlin, president of UASC North America, said using a single chassis provider will benefit customers and make UASC more competitive in quoting carrier haulage rates under which the ship line arranges inland transportation.
02 Mar 2016
United Arab Shipping Co. this week issued two trade notices enhancing its coverage on trades to and from India.
16 Feb 2016
CMA CGM and Cosco are leading efforts to create a new vessel-sharing alliance that could include Evergreen Line and OOCL and would shake up three of the four major east-west carrier groupings, the Alphaliner newsletter reported.
16 Feb 2016
Fifteen leading ocean container carriers, including Maersk Line, Mediterranean Shipping Co. and CMA CGM, have offered to change their practices for setting freight rates to settle an antitrust probe, the European Commission said Tuesday
17 Dec 2015
United Arab Shipping Company has loaded what it describes as a world record 18,601 TEU on one of its brand new fuel efficient mega-ships that is now heading for Felixstowe.
27 Oct 2015
United Arab Shipping Co. has appointed a container shipping industry veteran who led the commercial organization at Hapag-Lloyd America to head its North America division.
18 Aug 2015
Several Asia-Europe container lines have announced Sept. 1 general rate increases of up to $1,000 per 20-foot-equivalent unit despite a persistently weak market that has undercut monthly GRIs all year.
09 Aug 2015
United Arab Shipping Co. has ordered another 3,500 reefer containers, after ordering 2,000 units from Japan’s Daikin Industries in January.
22 Jul 2015
The first half of 2015 brought seven new services to Busan’s youngest terminal and an additional 1 million 20-foot-equivalent unit containers through South Korea’s largest marine gateway, port officials said Wednesday.