United Arab Shipping Company (UASC) has exercised options for six additional 14,000 teu vessels bringing the total order to 16 ships. The order has been placed with Hyundai Heavy Industries (HHI) in Korea and is the largest in UASC’s history, worth over US$ 2 billion including all options. According to a release Sunday from the company the order features vessels that will be amongst the largest, most technologically advanced, and most environmentally friendly container vessels ever built.
“The exercising of these vessel purchase options is an integral part of the newbuilding contract that UASC signed in August 2013. This vessel order positions UASC to deliver on its long-term growth objectives and the unique design features of the vessels ensure that UASC will set new industry benchmarks for fuel economy and environmental performance,” says Salem Ali Al Zaabi, chairman of the UASC Board of Directors.