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United Arab Shipping Company (UASC) announced concluding a bilateral transaction of USD 140 million as a senior term loan facility with Gulf Bank, Kuwait.
United Arab Shipping Company (UASC) has taken delivery of its first 13,500 teu capacity container vessel. Umm Salal, named after an area of Qatar famed for its historic monuments, was handed over during a spectacular ceremony at the Samsung Heavy Industries (SHI) shipyard in Geoje, South Korea, where the vessel was named by its sponsor, Sheikh Ali Bin Jassim Al Thani, the government of Qatar’s representative on UASC’s board of directors.
United Arab Shipping Company (UASC) announced concluding a US$ 302 million term loan facility on a ‘club deal’ basis, to finance the acquisition of the remaining three A13 (13,100 TEU) vessels out of UASC’s new building order of nine A13s.
United Arab Shipping Company (UASC) announced that effective February 1st 2011, the UASC operations in Poland will be run under a new company that is fully owned by UASC and called “United Arab Shipping Agencies Company Poland (UASAC Polska)”.
United Arab Shipping Company (UASC) announced that as of March 2011, a new Europe to South America Express Service (SAM1) will be launched together with Hanjin Shipping (HJS), China Ocean Shipping Company (COSCO) and Compania Chilena de Navegacion Interoceanica (CCNI).
United Arab Shipping Company (UASC) announced the split of its AEC1 pendulum service into two end to end services: AEC1 and AGX1.
United Arab Shipping Company (UASC) and Royal Burger Group (RBG) announced that effective September 1st 2010, the UASC activities in Marseille, Paris and Le Havre are being run under a new company 100% owned by UASC: “United Arab Shipping Agencies Company France (UASAC FRANCE)”.
United Arab Shipping Company (UASC) announced the appointment of United Arab Agencies (Australia) Pty Ltd as the company’s official Agent in Australia to provide the full range of liner agency representation in the Australian market.