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            october 24, 2019

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UASC plans a return of 62 per cent capacity


The United Arab Shipping Company (UASC) plans a return of 62 per cent capacity on its Far East-North Europe route with the revival of the two-loops of the old AEC 1 and AEC 2 services that were suspended at the beginning of the year.
AEC 2 is to deploy nine 6,900-TEU ships now on the AEC rotation, which currently calls at Rotterdam, Thamesport, Hamburg, Antwerp, Jeddah, Jebel Ali, Khor Fakkan, Singapore, Hong Kong, Busan, Kaohsiung, Shenzhen (Yantian), Hong Kong, Singapore, Khor Fakkan, Jebel Ali, Jeddah and the Sardinian port of Cagliari.
It is expected that Hanjin will continue to co-load on the two loops but this has not been confirmed, according to a report from Paris-based AXS-Alphaliner.
The two loops will work on a nine weekly rotation with the AEC 1 to deploy newbuilds of nine 4,250-TEU of which its lead vessel is chartered by Doha and will be renamed UASC Doha - known as Beatriche Schulte when delivered in June.
According to the Shipping Gazette, the remaining eight fixed charters set in 2007/8 and with 60 month charters will be delivered in July and November with four Samsung-built from Thomas Schulte, four Hyundai H I-built from CP and one from Peter Dohle, built by CSBC.

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