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UASC secures ship financing of US$ 205 millionUnited Arab Shipping Company (UASC) announced the conclusion of a $205 million term loan facility with Société Générale Corporate & Investment Banking (SG CIB),
UASC introduces new direct services from/to North Europe on AEC1 with calls at Jebel AliUnited Arab Shipping Company announced that the AEC1 service will start new direct calls to Jebel Ali. With that UASC would be adding a direct service from/to North Europe with competitive transit times offering 17 days from the last port in Europe and 25 days from Jebel Ali to the first port in North Europe. To that effect UASC Doha has called at Jebel Ali on May 6th and 7th, 2011.
UASC and CSCL has agreed a Slot Swap on their AEC2 - AEX7 services, covering the Trade Route between Asia and EuropeUnited Arab Shipping Company announced that a slot swap agreement with CSCL involving a total of 500 slots is concluded on their respective AEC2 and AEX7 services covering the Asia/Europe trade route.This becomes effective from the following voyages on these services: AEC2 Service M.V. Hatta 1121W at QINGDAO port on the 20th of May 2011 and AEX7 service M.V.CSCL JUPITER V.0001 at Shanghai port on the 21st of May 2011.
UASC sign a term loan facility of USD 140 million with Gulf Bank, KuwaitUnited Arab Shipping Company (UASC) announced concluding a bilateral transaction of USD 140 million as a senior term loan facility with Gulf Bank, Kuwait.
UASC takes delivery of first A13 class containershipUnited Arab Shipping Company (UASC) has taken delivery of its first 13,500 teu capacity container vessel. Umm Salal, named after an area of Qatar famed for its historic monuments, was handed over during a spectacular ceremony at the Samsung Heavy Industries (SHI) shipyard in Geoje, South Korea, where the vessel was named by its sponsor, Sheikh Ali Bin Jassim Al Thani, the government of Qatar’s representative on UASC’s board of directors.
UASC secures ship financing of US$ 302 millionUnited 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 Expands to Poland and Establishes “United Arab Shipping Agencies Company Polska”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)”.
UASC and partners to launch Europe-South America Express ServiceUnited 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).
UASC Expands AEC1 Port Coverage adding direct calls from India to North Europe - AEC 1 service to be split into AEC1 and AGX1United Arab Shipping Company (UASC) announced the split of its AEC1 pendulum service into two end to end services: AEC1 and AGX1.