UASC had signed a contract to build eight 6,919 teu containerships at a total cost of about $850 million. These modern ships, which will be fully compliant with the latest MARPOL regulations regarding pollution, will have speed exceeding 25 knots.
MV Hatta will fly United Arab Emirates' flag and will be delivered in February, 2008. All eight ships under this contract, will be completed and delivered in 2008. The names of these ships are MV Al Safat, MV Hatta, MV Al Bahia, MV Mayssan, MV Al Manamah, MV Jazan, MV Al Hilal, MV Al Rawdah.
Above eight newbuildings will help UASC to cope with the expanding trades and customer demands. UASC's existing fleet consists of 35 owned and chartered vessels. UASC's container box fleet has touched the 200,000 teu mark.
UASC operates on shipping routes from the North America, Europe, the Mediterranean, Far East, South America and Africa to the Arabian Gulf, Red Sea and Indian sub-continent. The company also operates services in the major container trades between Europe / Mediterranean and Asia.
UASC was established in 1976 with its head office in the State of Kuwait. The company is considered as the national carrier for the Arabian Gulf States. UASC works to promote and strengthen economic and trade activities in the region.
UASC performs its strategic role to serve the Arabian Gulf in particular, by maintaining uninterrupted shipping services and stable freight rate in the container trades to the region. The Company has a worldwide network of agents besides its own offices in the Arabian Gulf States, USA, UK, and Singapore, amongst others.
It also has ownership in many subsidiary companies that are engaged in the shipping related activities.
