UASC expands trans-Atlantic reefer services
United Arab Shipping Company (UASC) has placed an order for a total of 3,500 reefer containers, which will primarily be used on the new routes between North Europe and the US East Coast as its expands its commitment to the more specialised reefer sector.
This latest order comes just months after it was reported that UASC had purchased 2,000 reefer containers and analysts have speculated that the reefer service expansion may be an attempt by the shipping line to counter the dramatic fall in freight rates on key services, as reefer freight is more specialised and less volatile.
UASC has declined to comment on the recent acquisition, but in October 2014 Gareth Madsen, head of the company's reefer division, said that the shipping line was considering investment in key areas of growth.
"We are continuously investing in our container fleet to meet customer demand and to comply with the most up-to-date specifications,” said Madsen. “Expanding our reefer fleet will ensure that we continue to offer our customers the most cutting-edge, energy-efficient solutions for the carriage of frozen and chilled cargoes.”
UASC, headed by CEO Jørn Hinge, has one of the youngest reefer container fleets afloat. Around 90% of the fleet is less than five years old.