UASC suspends service
United Arab Shipping Company (UASC) temporarily suspended its
All-Water Asia - US East Coast service.
This suspension came as a part of UASC service review initiated in
light of the difficult trading conditions currently prevailing over the
shipping industry, which amongst other trades was affected severely the
Asia/US East Coast trade.
Earlier this year UASC had addressed the challenging trading
conditions by reshuffling and optimizing the deployment of its fleet,
which was expanded last year by the arrival of nine A7 class 6900 TEU
capacity vessels.
As a result, UASC revamped a number of its core services, as well as
services operated with partners to better balance the deployed capacity
with the available volumes.
UASC intends to resume servicing this vital trade route in the near
future as the operational environment in the All Water Asia/US East
Coast trade is expected to return to a healthier state very soon.
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