Hapag-Lloyd AG (Hapag-Lloyd) and United Arab Shipping Company (UASC) have signed a business combination agreement (BCA) to merge both companies, subject to the necessary regulatory and contractual approvals.
Apart from the BCA, th
Hapag-Lloyd AG approved a plan to acquire all shares of United Arab Shipping Company, paving the way for the second merger in two years to bolster the position of Germany’s biggest container-shipping line in an industry plagued by excess c
United Arab Shipping Company (UASC) is on a major expansion drive, investing more than $2 billion in bigger ships and forming alliances with peers to boost efficiencies and ride out tough markets.
UASC, founded in 1976, has corpor
United Arab Shipping Company (UASC) scooped three of the industry’s highest awards last night (November 18) at the 10th Anniversary Seatrade Middle East & Indian Subcontinent Awards in Dubai.
Ship Owner Owner/Operator Aw