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"The exercising of these vessel purchase options is an integral part of the newbuilding contract that UASC signed in August 2013. This vessel order positions UASC to deliver on its long-term growth objectives and the unique design features of the vessels ensure that UASC will set new industry benchmarks for fuel economy and environmental performance," said Salem Ali Al Zaabi, chairman of the UASC board of directors.
The 14,000-TEU and 18,000-TEU newbuildings included in the overall order are scheduled for delivery from late 2014 and from the first half of 2015, respectively.
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