United Arab Shipping (UASC)

United Arab Shipping (UASC)

United Arab Shipping UASC

Prior to merging with Hapag-Lloyd in 2016, UASC, or United Arab Shipping Company, was 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 served 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, previosuly 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.

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.
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.
30 Apr 2015
UPS Freight is adding liquefied natural gas-powered tractors to its less-than-truckload fleet, cutting emissions and, hopefully, long-term term fuel costs. Shippers still want trucking partners to help them reach sustainability goals.
29 Apr 2015
The first of United Arab Shipping Co.’s super-sized container ship built to run on liquefied natural gas has been named in a ceremony at Hyundai Samho Heavy Industries, the Korean shipyard where the vessel is under construction.
31 Mar 2015
In 20 years as head of United Arab Shipping Co.’s North American business, Anil Jay Vitarana saw growth in ship sizes and container volume. But he says one thing hasn’t changed: Carriers’ profitability remains too low to ensure needed investment and to attract bright young people.
16 Feb 2015
United Arab Shipping Co. on Monday said it will make its debut on the North Atlantic container trade lane in May via a new vessel-sharing partnership with French carrier CMA CGM and Germany’s Hamburg-Sud.
16 Feb 2015
The European Shippers’ Council urged competition regulators to step up monitoring of deals like the increased collaboration between CMA CGM and Hamburg-Sud, which “will make sure the container liner market will be one step closer to total convergence.”
27 Jan 2015
United Arab Shipping Co. has ordered 2,000 reefer containers as it prepares to expand into the South American liner trades.
CMA CGM container ship in Hamburg, Germany
27 Dec 2014
CMA CGM on Friday released extensive details of the Ocean Three east-west alliance that it will begin early in 2015 along with United Arab Shipping Co. and China Shipping Container Line.
17 Dec 2014
The launch of the 2M and 03 alliances in the New Year will boost capacity on the Far East-Mediterranean route by about 19 percent, triggering a battle for market share that could result in fresh rate reductions, according to Alphaliner.
28 Nov 2014
United Arab Shipping Co. today named the industry’s first-ever LNG-ready ultra-large container vessel at Ulsan in Korea, with Sajir becoming the first of 17 vessels ordered by the carrier.
21 Nov 2014
United Arab Shipping Co. plans to join the EPIC Service between the Indian subcontinent and North Europe operated until now independently by CMA CGM.
09 Nov 2014
United Arab Shipping Co. is expanding its refrigerated container fleet as it targets new business in South America.
Container lines’ global schedule reliability from January 2012 through September 2014.
03 Nov 2014
Shippers are enduring the worst bout of congestion at Los Angeles-Long Beach in years, but some analysts who follow container shipping say the situation will soon improve.
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.
Maersk Kampala
29 Aug 2014
Global schedule reliability has declined for the first time in six months, as carriers continue to deal with congestion in North Europe and the U.S. West Coast, according to a new report from SeaIntel Maritime Analysis.
24 Aug 2014
Carriers in the east-west head-haul trades may opt to cancel fewer sailings this year in response to reduced volumes of China during the country’s Golden Week holiday in early October.