United Arab Shipping Company
| United Arab Shipping Company | |
|---|---|
| legal form | |
| founding | July 1976 |
| resolution | May 24, 2017 |
| Reason for dissolution | fusion |
| Seat |
Safat , Kuwait
|
| management | HE Salem Ali Al Zaabi (Chairman) Jørn Hinge (President and Chief Executive Officer) |
| Number of employees | over 2000 |
| Branch | shipping |
| Website | www.uasc.net |
The United Arab Shipping Company (UASC) was an Arab shipping company . After more than 40 years, it merged with Hapag-Lloyd AG on May 24, 2017 .
history
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The UASC was founded in July 1976 at the instigation of Kuwait together with the states of Bahrain , Iraq , Qatar , Saudi Arabia and the United Arab Emirates . Kuwait brought its state-owned shipping company Kuwait Shipping Company, founded in 1965, including its fleet of 26 ships into the company; the remaining states contributed a further 20 ships. The Kuwait Shipping Company operated a large number of units of the Bezhitsa class and had ordered numerous general cargo ships of the Kuwait class before the merger . Together with reorders of other ships of this type, this series formed the backbone of the UASC for a long time.
The services of the UASC were quickly expanded into a route network with a growing shipping fleet. At the beginning of the 1980s, the shipping company commissioned the nine full container ships in the Dubai class , which took into account the progressive containerization of liner shipping. In later years the shipping company expanded its services, particularly to the ports of the United States , Europe and Asia . Before it merged with Hapag-Lloyd, UASC was one of the twenty largest container liner shipping companies in the world.
In September 2014, an alliance was forged with the Chinese shipping company CSCL (China Shipping Container Lines), No. 6 worldwide among container lines, and the French shipping company CMA CGM , No. 3 worldwide among container lines. The routes Asia – Europe, Asia – Mediterranean, Asia – USA west coast, Asia – USA east coast and Gulf of Mexico are now jointly operated under the name “Ocean Three”.
On April 21, 2016, it was announced that UASC and Hapag-Lloyd were holding talks to merge their container shipping activities. Accordingly, Hapag-Lloyd should take over the entire fleet of UASC, whereas UASC should become the largest shareholder in Hapag-Lloyd with 28%. On July 18, 2016, this was officially confirmed on the UASC website. The merger was completed in May 2017.
| Timeline of cargo ship classes United Arab Shipping Company | ||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Class / years | 1970s | 1980s | 1990s | 2000s | 2010s | |||||||||||||||||||||||||||||||||||||
| 6th | 7th | 8th | 9 | 0 | 1 | 2 | 3 | 4th | 5 | 6th | 7th | 8th | 9 | 0 | 1 | 2 | 3 | 4th | 5 | 6th | 7th | 8th | 9 | 0 | 1 | 2 | 3 | 4th | 5 | 6th | 7th | 8th | 9 | 0 | 1 | 2 | 3 | 4th | 5 | 6th | 7th | |
| Bezhitsa class | business | sale | ||||||||||||||||||||||||||||||||||||||||
| Kuwait class | construction | business | sale | |||||||||||||||||||||||||||||||||||||||
| Dubai class | ||||||||||||||||||||||||||||||||||||||||||
| A4 class | ||||||||||||||||||||||||||||||||||||||||||
| A7 class | ||||||||||||||||||||||||||||||||||||||||||
| A13 class | ||||||||||||||||||||||||||||||||||||||||||
| A15 class | ||||||||||||||||||||||||||||||||||||||||||
| A19 class | ||||||||||||||||||||||||||||||||||||||||||
Web links
Individual evidence
- ↑ Hapag-Lloyd and UASC complete merger. May 24, 2017. Retrieved March 7, 2018 .
- ↑ Elias T. Ghantus: Arab Industrial Integration: A Strategy for Development , Routledge, 1982, ISBN 0-7099-1117-3 , p 75 miles.
- ^ New shipowner alliance "Ocean Three". In: VerkehrsRundschau . September 10, 2014, accessed March 7, 2015 .
- ^ Talks between Hapag-Lloyd and United Arab Shipping Company - Hapag-Lloyd. In: www.hapag-lloyd.com. Retrieved May 26, 2016 .
- ^ Hapag-Lloyd and UASC sign Business Combination Agreement. (No longer available online.) In: UNITED ARAB SHIPPING COMPANY (SAG). Archived from the original on July 19, 2016 ; Retrieved July 19, 2016 . Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.
- ^ Hapag-Lloyd and UASC complete merger. (No longer available online.) May 24, 2017, archived from the original on August 9, 2017 ; accessed on May 24, 2017 . Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.
