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- Dubai 05:43 07:02 12:28 15:26 17:48 19:07
in full sail UASC launched a new service covering the trade route between Asia and the Adriatic Sea earlier this month. (SUPPLIED)
With the container export market getting stronger, United Arab Shipping Company (UASC) has announced that it is implementing a rate restoration and peak season surcharge to various locations.
In a recent statement, the company said it will implement rate restoration for vessels from Asia to North Europe, West Mediterranean and Adriatic Trade. There will be a rate restoration of $200 (Dh734.6) per TEU with effect from June 15, 2010, and will be based on bill of lading date, it added.
The new rate is applicable for both dry (including special equipment) and reefer cargo. It also announced that peak season surcharge (PSS) will be applicable to all cargo from Asia to all WISC destinations, including Indian Inland ports from June 15.
Meanwhile, the maiden voyage of a new service launched by UASC in collaboration with Hanjin Shipping between Asia and the Adriatic Sea will commence within a week.
Earlier this month, UASC – in collaboration with Hanjin Shipping, Hyundai Merchant Marine and Yang Ming (UK) – launched a new service covering the trade route between Asia and the Adriatic Sea in both directions.
The four carriers will jointly deploy eight Panamax vessels on this service and the port rotation will cover Busan, Shanghai, Ningbo, Yantian, Singapore, Colombo, Jeddah, Port Said(W), Alexandria, Mersin, Koper, Trieste, Rijeka, Venice, Port Said(W), Singapore, Hong Kong, Busan. The UASC recently announced a conclusion of a bilateral transaction of KD25 million (Dh319.5m) unsecured term-loan facility from Gulf Bank – Kuwait. The company said the funds will be invested in financing UASC's expansion plans in relation with its container vessel new building programme valued at $1.6 billion at Samsung Heavy Industries shipyard in Korea.
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