On April 14, 2008, at HHI Ulsan, South Korea, and in the presence of distinguished guests and HHI senior officials, UASC B.O.D. Member-UAE Mr. Jasem Rashed Al-Shamsi did the honors of naming the third vessel MV Al Bahia bearing the UAE National Flag. UASC B.O.D. Member-UAE Mr. Salem Ali Al-Zaabi and other key officials also attended the occasion.

MV Al Bahia is a high-speed vessel with fuel- efficient engine and capacity up to 6,919 teus, will definitely benefit UASC customers through an optimization of services.

Al Bahia means 'pretty, glowing and bright.' Al Bahia is a coastal district in the United Arab Emirates that has a beautiful and superb beach.

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UASC had contracted to build eight new generation containerships with a South Korean company specializing in shipbuilding ' Hyundai Heavy Industries Company Limited, Ulsan in March 2005 at a total cost of US $850 million. MV Al Bahia will join MV Al Safat and MV Hatta the first two of the 8 vessels delivered to UASC deployed in the Asia-Europe Container service, and these ships form part of UASC's strategic expansion plans.

Mr. Al-Shamsi, speaking on the occasion, thanked HHI, Schiffko and the UASC team for their hard work and timely delivery of MV Al Bahia. He also appreciated HHI Management's warm hospitality and thanked the guests for attending the celebrations. Finally, he wished the very best for UASC and HHI.