UASC orders to others six ships from 14.000 teu and invests in a new container terminal to Port Saïd



the shipowning society United Arab Shipping Company (UASC) of Dubay, one of the companies of the line field recently more assets in the renewal and widening of the fleet, has exercised options with the South Korean navalmeccanico group Hyundai Heavy Industries Ltd. Co. (HHI) for the realization of others six new portacontainer of the ability to 14.000 teu, constructions that were opzionate last August(of 30 August 2013). With the new store clerks the consistency of orderbook of the company shipowning Middle Eastern salt to 16 ships portacontenitori of ability comprised between 14.000 and 18.000 teu, for a total value of beyond two billions of dollars (included all the options) that it more represents the investment consisting in new ships never realized from the UASC.

Moreover UASC has signed two agreements with the Port Said Container & Cargo Handling Co. (PSCCHC), terminalista society that the Maritime group is under responsibility of public Holding Egyptian Company for and Land Transport, with the objective to realize the Container Terminal 2 in the harbour area oriental of Port Saïd with a previewed investment of 2,5 billion dirham (680 million dollars) and to constitute the first society Egyptian specialized in the construction and repair of container.

the memorandum of understanding previews that the participation to the investment from Holding Company for Maritime and Land Transport is pairs to 75%, while 20% will be invested by the remaining UASC and 5% from an Asian society. According to the forecasts, the new terminal will have a annual ability to traffic pairs to approximately three million container teu, of which a volume of traffic pairs to a million teu produced from the single services of line of the UASC.

In occasion of the subscription of the memorandum of understanding the minister Egyptian to the Investments, Osama Saleh, has declared that the plan for the construction of the 24 CT2 will be introduced next March and that the beginning of the intense activities, that they will be completed within 30 months, would have to happen in the first half of this year. In the phase of construction the yard will appoint to a job 8-10,000 people and once become operating the occupation in the terminal will be of approximately 1.200 units.

Initially the container terminal CT2 will have a dock of 1.200 linear meters, estendibile of others 450 meters, that it will be equipped with 12 cranes ship-to-Shore and it will be able to receive ships with draught until -17 meters.