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August 29, 2015 1:12 PM ET

Marine

Company Overview of United Arab Shipping Company (S.A.G.)

Company Overview

United Arab Shipping Company (S.A.G.) provides maritime freight transportation and container shipping services. It offers dry cargo and refrigerated cargo services. The company was founded in 1976 and is based in Safat, Kuwait.

UASC Building

Old Airport Road

Beside Zain Building

P.O.Box 20722

Safat,  13068

Kuwait

Founded in 1976

Phone:

965 2494 3300

Fax:

965 2494 3088

Key Executives for United Arab Shipping Company (S.A.G.)

Chief Executive Officer and President
Age: 66
Chief Financial Officer
Age: 56
Chief Operating Officer
Age: 57
Chief Trade Officer
Chief Commercial Officer
Compensation as of Fiscal Year 2015.

United Arab Shipping Company (S.A.G.) Key Developments

Neptune Orient May Lure Buyers

Temasek Holdings (Private) Limited's planned sale of Neptune Orient Lines Limited (SGX:N03) (NOL) offers potential buyers a modern fleet at a comparative bargain price expected to be around $2 billion, industry and banking sources said. United Arab Shipping Company (S.A.G.) can be expected to join the likes of Hapag-Lloyd AG and Hamburg Südamerikanische Dampfschifffahrts-Gesellschaft KG (Hamburg Sud) in running the rule over NOL, these people said. Temasek recently hired Citigroup to seek buyers for the majority stake in NOL for $2 billion, the people added, triggering the sale of the whole firm under Singapore rules. Citi, Temasek, UASC, Hapag-Lloyd and Hamburg Sud all declined to comment, reported Reuters.

United Arab Shipping Company Announces Board Appointments

United Arab Shipping Company announced that Dr. Nabeel Al-Amudi has been named as new Chairman of the company's board of directors, and HE Sheikh Ali bin Jassim bin Mohammad Al-Thani, as Vice-Chairman by United Arab Shipping Company. At Present, Dr. Al-Amudi is serving as the President of the Saudi Ports Authority. HE Sheikh Ali Al-Thani is presently working as the Chairman of Qatar's prominent shipping company, Milaha, and is appointed to the Board of Directors of Qatar Holding.

United Arab Shipping Company (S.A.G.) Presents at Marine Money International 11th Annual Gulf Ship Finance Forum, Mar-04-2015 12:35 PM

United Arab Shipping Company (S.A.G.) Presents at Marine Money International 11th Annual Gulf Ship Finance Forum, Mar-04-2015 12:35 PM. Venue: Jumetrah Emirates Towers, Dubai, United Arab Emirates. Speakers: Samir Sharma, Vice President, Finance.

Similar Private Companies By Industry

Company Name Region
United Arab Shipping Company (S.A.G.) Middle East/Africa
Arab Maritime Petroleum Transport Company Middle East/Africa
KGLI-NM Holdings, Inc. Middle East/Africa
Maritime for Marine Carriers and Shipping Company Middle East/Africa

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
July 16, 2015
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