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UASC forms agency jv in the Med

UASC forms agency jv in the Med

Dubai: United Arab Shipping Company has formed a joint venture with its longstanding agent in Italy, Medmar S.p.A. The new company, United Arab Shipping Agency Company (Italy) S.r.L. - or UASAC (Italy) - will have its own fully owned offices in Genoa, La Spezia, Livorno and Milan whilst the representation in Naples, Venice and other ports will be through existing sub-agents.

Ken Bloch Soerensen, UASC president and ceo, commented: 'We've been working with our friends at Medmar towards this end for some time. We are pleased to continue our more than 20-year-long relationship, providing UASC with a solid platform on which to build our future growth in major markets in the ever growing Mediterranean region.'

Filippo Gallo, general manager of the new company, stated: 'For UASC's customers it will be a seamless transition as the same people will be serving our customers needs. Going forward we will be able to leverage on the strength of both UASC and Finsea Group building even stronger relationships in the coming years, with increased service offerings to our customers.'

UASC currently operates four weekly services in Italy connecting Asia, Indian Sub-Continent, Arabian Gulf, Red Sea, East Mediterranean  and US East Coast, with direct calls at Genoa, La Spezia, Naples and Gioia Tauro and with dedicated shuttle services to/from Livorno and Venice. In 2008 the company will take delivery of eight 7,000teu ships, its largest yet, which will be deployed on Asia-Europe trade.  [27/12/07]