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United Arab Shipping Company (UASC) and Ahli United Bank (AUB) of Egypt marked the passing of the 18,800 teuAl Zubara, claimed to be the world’s greenest ultra-large container vessel, through the newly enlarged Suez Canal last week. The event is the first in a series of activities being organised by UASC to celebrate 40 years in business and was attended by senior dignitaries and officials including Dr. Khaled Fahmy, Egyptian Minister of Environment, Admiral MohabMameesh, chairman of the Suez Canal Authority, Basil Al-Zaid, chief financial officer at UASC, Nevine El-Messeery chief executive of AUB and Captain Emad Oraby, the general Manager of UASC Egypt.
“Initiating UASC’s 40th anniversary celebrations from the Suez Canal makes perfect sense given its strategic location and the fact that UASC’s vessels passed through the Suez Canal around 295 times last year. Having the new canal operational has helped to reduce our vessel’s transit time, which of course, reflects positively on the company,” said Basil Al-Zaid. The celebration also marked UASC’s long term partnership with Ahli United Bank, which facilitates the line’s passage payments in the Canal, and has also contributed to financing UASC’s current newbuilding program, comprising 17 new ships. To date, UASC has received five 18,800 teu class vessels: Barzan, Al Muraykh, Al Nefud, Al Zubara and Al Dahna respectively.
