United Arab Shipping Company
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United Arab Shipping Company was established in July 1976; jointly by six shareholding Arab states of the Persian Gulf (Bahrain, Iraq, Kuwait, Qatar, Saudi Arabia and U.A.E). The UASC is headquartered in the State of Kuwait with a Corporate Office in Dubai, providing regional servicing for the Middle East and west Africa region from Dubai, the European region from London, the Far East and Australia region from Singapore, and the North American region from Cranford - New Jersey.
The UASC fleet operates more than 18 services. today, connecting the Middle East to Europe, the Mediterranean, Indian Sub-continent, Far East, West Africa and the Americas. Its network covers over 200 ports  and destinations worldwide, offering containerized and conventional cargo transportations, temperature controlled cargo and value added services to a diversified client base.[clarification needed] UASC owns and operates a fleet of 58 fully cellular container vessels (owned and chartered), 8 A7 (6,921 teus each), 10 A4 (3,802 teus each), with a total capacity of 344,000 teus and is still expanding its fleet in line with the company’s strategic growth plan "towards 2012".
In addition, the biggest containership new building order ever placed by a GCC company, was placed by UASC in 2008, for 9 A13 (13,100 teus) containerships (expected delivery date 2012), valued at $1.5 billion. These ships will be equipped with Waste Heat Recovery Systems (WHRS), making them some of the greenest ships in the market.
UASC initiated a global systems integration operation in anticipation of its capacity growth, and in that respect has been integrating its entire network with the latest high performing Integrated Container Carrier Information System 'TRUST', which automates its business operations on all levels and ensures faster communication with the company’s fleet. The company's vision is "linking the middle east with the world"
As of 2013, the container shipping market is still characterized by overcapacity, and decreasing prices for new ships. UASC and China Shipping Container Lines cooperate on the Asia-Europe-Asia line, and has each ordered 5 ships bigger than the Maersk Triple E class. Delivery of the US$1.4B UASC order is to begin in 2014 from Hyundai Heavy Industries. With options for 7 more ships, the order could rise to $2.5B. The ships are capable of being powered by liquefied natural gas which is plentiful in the Middle East. Big slow ships are necessary to lower operating costs.
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- OLE ANDERSEN & TOMAS KRISTIANSEN. "UASC signs USD 2.5 bln deal with Hyundai" ShippingWatch, 30 August 2013. Accessed: 1 September 2013.
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