VOL. XXXIX

No. 25

18-March-1996

GCC

UASC Signs $660Mn Contract With Japanese Yards For Ten Container Ships

The United Arab Shipping Company (UASC) - owned by the governments of Bahrain, Kuwait, Qatar, Saudi Arabia, Iraq and the UAE - signed on 14 March a $660mn contract with a consortium of three Japanese yards, namely Kawasaki Heavy Industries, Mitsui Engineering and Shipbuilding Company and Mitsubishi Heavy Industries, for the construction of 10 new container vessels. The vessels...