UASC inks USD 2 billion contract with Hyundai

Dubai, Aug 30 : The United Arab Shipping Company (UASC) has signed a vessel building programme worth over USD 2 billion with Hyundai Heavy Industries (HHI) for some of the greenest and largest container vessels in the world.

The order has been placed with HHI in Korea, the USAC said in an announcement.

The order, the largest in UASC's history features vessels that will be amongst the largest, most technologically advanced and most environment friendly container vessels ever built.

UASC hosted a signing ceremony in Dubai where the newbuilding contract was signed with HHI for five 18,000 TEU (twenty-foot equivalent unit) vessels and five 14,000 TEU vessels. The order includes options for one additional 18,000 TEU vessel and six additional 14,000 TEU vessels.

--IANS (Posted on 30-08-2013)

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