Thursday, January 14, 2016

Container Shipping Line Carries Freight Via Suez Canal on a Green Vessel to Celebrate Anniversary

Carbon Emissions Can be Reduced if TEU Capacity Maintained on Ultra Large Carriers
Shipping News Feature
EGYPT – 2016 sees one of the world’s largest container shipping lines, the United Arab Shipping Company (UASC), celebrate 40 years since it was established by six Persian Gulf states and headquartered in Kuwait before transferring to Dubai. To mark the occasion the freight carrier plans several events and this week saw the first such celebration when the MV Al Zubara, called the ‘world’s greenest ultra-large container vessel’ by the company, passed through the new Suez Canal.

A party of senior dignitaries and officials including Dr. Khaled Fahmy, Minister of Environment (Egypt), Admiral Mohab Mameesh, Chairman of the Suez Canal Authority, Basil Al-Zaid, Chief Financial Officer at UASC, Captain Emad Oraby, the General Manager of UASC Egypt and Nevine El-Messeery CEO of the lines bankers, the Ahli United Bank (AUB), were given a guided tour of the ship as she passed through the Canal where Admiral Mohab Mameesh presented a brief introduction to the strategic project. Basil Al-Zaid commented:

“Initiating UASC’s 40th anniversary celebrations from the Suez Canal makes perfect sense given its strategic location, being the fastest maritime route connecting Asia to Europe. UASC’s vessels passed through the Suez Canal around 295 times last year, reflecting its importance to us. Having the new canal operational has helped to reduce our vessels transit times, which of course, reflects positively on the company.

“This celebration is to mark our long term partnership with the Suez Canal and Ahli United Bank, which not only facilitates our passage payments in the Canal, but has also contributed to financing UASC’s current newbuilding program, comprising 17 new ships, among the most cost-efficient and environmentally friendly in the world.”

The Ahli United Bank, with a strategic goal of developing support for the regions economy, established a special division to support the shipping industry. The bank facilitates canal passing payments, port projects and berths, as well as supporting the financing of the investment project to develop the canal area.

To date, UASC has received five 18,800TEU class vessels; Barzan, Al Muraykh, Al Nefud, Al Zubara and Al Dahna respectively. This series of vessels are considered by UASC as the world’s greenest due to their outstanding environmental credentials and the built in, first-class technology on board. Putting these advanced vessels to the test Al Muraykh achieved a record breaking load of 18,601 TEU last month. This unprecedented westbound shipment was also UASC’s highest utilisation to date of this very eco-efficient class, meaning the CO2 output per TEU on this journey is set to be more than 60% lower if the same containers were shipped on board a 13,500 TEU ship.