News / UASC boosts its newbuilding programme with order for seventh 18,000teu boxship

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United Arab Shipping Company, which has admitted to being in talks with the members of the CKYHE alliance, has exercised the final option on its newbuilding programme and added another 18,000teu ship to the six already ordered from Hyundai Heavy Industries, along with 11 vessels of 14,000teu.

The ambitious UASC held a signing ceremony in Dubai on Sunday to mark the occasion. Chairman Salem Ali Al Zaabi said: “With the exercising of this final purchase option, UASC completes its current newbuilding ...