Qatar takes control of rapidly growing container carrier
According to a petition submitted to the US Federal Maritime Commission, Qatar has amassed a controlling stake in United Arab Shipping Company (UASC), which is one of the fastest growing container carriers, according to Alphaliner.
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BY OLE ANDERSEN
Oil state Qatar has become a controlling stakeholder in the rapidly growing Arabian container carrier United Arab Shipping Company (UASC). This is evident from documents submitted to the US Federal Maritime Commission (FMC) in June, where the carrier requests to be exempted from the special, increased requirements that apply to state-controlled carriers in the US.
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