DUBAI, Aug 29 (Reuters) – United Arab Shipping Company (UASC) said on Thursday it had placed orders worth over $2 billion for very large container ships with South Korea’s Hyundai Heavy Industries.
UASC ordered five vessels of 18,000 twenty-foot equivalent units (TEU) each, and five 14,000 TEU vessels. The ships are to be delivered starting in late 2014.
In addition, UASC signed options to buy one additional 18,000 TEU vessel and six 14,000 TEU ships. The price tag of over $2 billion includes those options, it said.
UASC was set up by the governments of Bahrain, Iraq, Kuwait, Qatar, Saudi Arabia and the United Arab Emirates in 1976 to improve trade links with the rest of the world. (Reporting by Andrew Torchia; editing by Keiron Henderson)
By Andy Sullivan, Joseph Campbell and Gabriella Borter BALTIMORE, March 26 (Reuters) – Six workers were missing and presumed dead from a bridge that collapsed in Baltimore Harbor early on Tuesday after a massive...
The Francis Scott Key Bridge in Baltimore collapsed early today after the large containerships Dali struck a primary support column. Two individuals were rescued, one is seriously injured, and authorities...
The most severe US bridge allision since the Tampa Skyway Bridge disaster in 1980 happened in the early hours of the morning while the ship was under pilotage. Here are...
By Gabriella Borter BALTIMORE, March 27 (Reuters) – Divers recovered the remains on Wednesday of two of the six missing workers tossed into Baltimore Harbor from a highway bridge that collapsed into shipping lanes...
The world’s largest cruise company Carnival Corporation has announced record revenue and all-time high bookings in the first quarter of 2024. Revenues for the three months ending in February hit...
By Nacha Cattan, Heather Perlberg and Brendan Murray (Bloomberg) — The 1.6 mile-long bridge collapsed in a matter of seconds. The catastrophic consequences are set to stretch out for weeks. As...
8 hours ago
Total Views: 1093
Why Join the gCaptain Club?
Access exclusive insights, engage in vibrant discussions, and gain perspectives from our CEO.
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.