Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

UACC orders up to 10 chemical carriers

Dubai: United Arab Chemical Carriers, the recently formed petrochemicals arm of UASC plus other partners in the Gulf, has signed contracts with SLS Shipbuilding Co of Korea for eight option two 45,000dwt IMO II chemical tankers newbuildings for delivery in 2011/12.

UACC was established in July this year by dry cargo carrier United Arab Shipping Company  together with other strategic investors from GCC (Gulf Cooperation Council) countries and is registered under the jurisdiction of the Dubai International Financial Centre (DIFC). UASC itself is jointly owned by six member states of the GCC.

The aim of UACC is to develop a fleet of  medium to long range product tankers as well as chemical carriers to serve the shipping needs of the expanding oil refining and chemical industries of its home region. It has already taken delivery of its first 2004 built MR Product tanker and has confirmed purchases of four further vessels for later delivery.

UACC chairman Ken Bloch Soerensen says: "I am extremely pleased with this development, which marks the beginning of our ambitious plan to become a major player in the rapidly growing petrochemical market across the GCC countries - it is our aim to ensure that the expansive projects of our customers are well supported by cost efficient, safe and environmentally friendly means of transportation."  [14/12/07]

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish