UASC to join the 18,000 teu club
The order, the largest in UASC’s history, is worth over US$2bn including all options and has been placed with Hyundai Heavy Industries (HHI) in Korea.
UASC hosted a signing ceremony in Dubai where the newbuilding contract was signed with HHI for five 18,000 teu 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.
The contract was signed by Dr. Abdul Aziz Al-Ohaly, UASC board director, and by Mr. O. H. Kim, HHI president and chief operating officer.
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