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UASC, Hapag-Lloyd to set up world's 5th largest shipping firmDubai-based United Arab Shipping Company (UASC) recently completed its multi-billion dollar merger with Hapag-Lloyd through Dubai International Financial Centre (DIFC), a leading financial hub in the Middle East Asia and South Asia region. More… |
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United Arab Shipping seals Hapag-Lloyd merger dealHapag-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 More… |
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Hapag-Lloyd inks deal to buy UAE shipping firmHapag-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 More… |
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United Arab Shipping embarks on $2bn expansion driveUnited 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 More… |
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UASC wins big at Seatrade AwardsUnited 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 More… |
