shipping company s.a.g. industry transport container shipping founded 1976 headquarters dubai u.a.e. area served worldwide key people j rn hinge ceo products container shipping website www.uasc.net uasc containers seen in a ship in the port of hamburg . united arab shipping company uasc 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 . 1 originally established in kuwait with its corporate headquarters now in dubai uasc serves asia from port klang northern europe from hamburg the middle east and indian subcontinent from dubai the mediterranean and north africa from istanbul and the americas from peachtree corners ga usa . 2 the uasc fleet operates more than 18 services . 3 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 4 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 52 ships owned and chartered 9 a13 13 500 teus each 8 a7 6 921 teus each 10 a4 3 802 teus each with a total capacity of 3 493 309 teus and is still expanding its fleet in line with the company s strategic growth plan towards 2014 . 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 5 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 to the world container ship al abdali imo 9154543 call sign hzcp 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 1.4 b uasc order is to begin in 2014 from hyundai heavy industries . 6 7 with options for 7 more ships the order could rise to 2.5 b. 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 . 8 9 on 21 april 2016 the german shipping company hapag lloyd announced that it is in merger talks with uasc . in case of business cooperation hapag lloyd would integrate the fleet of uasc into its company while uasc would become hapag lloyds biggst shareholder . 10 on june 28 hapag lloyd s share holders approved the deal . on june 29 uasc s six shareholding states voted unanimously to approve the proposed merger . the deal gives a relative valuation of the two businesses at 72 % for hapag lloyd and 28 % for uasc . uasc is 51 % owned by qatar and 35 % owned by saudi arabia with the remainder held by other arab states . 11 the merger will make the new entity the 5th largest container vessel fleet just behind cosco . notes edit united arab shipping joins the frontline as other shipping companies retreat . the tribune . retrieved 6 march 2013 . company overview of united arab shipping company . businessweek . retrieved 18 march 2013 . http www.uasc.net service routes http www.uasc.net ports of service http www.uasc.net trust uasc places us 1.4 b boxship contract world cargo news 30 august 2013 . accessed 1 september 2013 . vessel ordering mania why container insight weekly 30 june 2013 . accessed 1 september 2013 . ole andersen & tomas kristiansen . uasc signs usd 2.5 bln deal with hyundai shippingwatch 30 august 2013 . accessed 1 september 2013 . ole andersen . j rn hinge new fleet will strengthen us globally shippingwatch 30 august 2013 . accessed 1 september 2013 . talks between hapag lloyd and united arab shipping company hapag lloyd . www.hapag lloyd.com . retrieved 2016 05 26 . uasc and hapag lloyd s merger progresses cm container management . www.container mag.com . retrieved 2016 06 30 . retrieved from https en.wikipedia.org w index.php title united arab shipping company & oldid 728405824 categories shippingcontainer shipping companiescompanies established in 1976companies of kuwaithidden categories use dmy dates from july 2013wikipedia articles needing clarification from february 2012 navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version in other 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