UASC moves center of European operations from London to Hamburg

Shipping line UASC announces expansion plans together with two senior executive appointments
 
Shipping line UASC announced two senior executive appointments to further position the company for its next phase of growth. Lars Chistiansen will take over the position as Chief Trade Officer of UASC, Uffe Østergaard the function as Chief Commercial Officer of UASC. The existing executive management team of Waleed Al Dawood as Chief Operating Officer, Basil Al-Zaid as Chief Financial Officer and Jorn Hinge as President and CEO will be complemented by these new senior colleagues providing a comprehensive leadership team to drive the business. 
 
The major transformation and investment program which is underway, calls for a new operating model to support the business. “UASC is preparing for significant changes on the back of new capacity coming into service with a major program of new vessel acquisition”, said Jorn Hinge, UASC President and CEO. “We are repositioning our offering to the market, recapitalizing our business and optimizing our trades. We are structuring our executive talent so that we can leverage their exceptional professional capabilities to deliver long-term value to our shareholders”.
 
“Lars Christiansen, a 7-year UASC veteran, has in-depth knowledge of the container shipping industry as well as of UASC”, said Hinge. Uffe Østergaard joins UASC to take on the newly created role of Chief Commercial Officer. Uffe comes to the role with deep knowledge of container shipping having spent 20 years with A.P. Moller Maersk focusing on strategy, sales and marketing, and business development.
 
The structural and organizational changes being implemented at UASC are designed to bring the business closer to the customer and to understand and serve their needs better. The new structure will see Trade Management Units managing round trip trades and Clusters managing Agencies in their geographical proximity. This change will also see the establishment of a new office in Hamburg as the center of European operations, a move away from London in order to be closer to the customer base, as well as the establishment of an office in Istanbul to capture the growing Mediterranean business.
 
UASC, headquartered in Kuwait with a Corporate Office in the UAE, owns and operates a fleet of 48 ships, which are all maintained to the highest industry standards. Its vision of “Linking the Middle East to the World” began in 1976, when the company was formed jointly between the Kingdom of Bahrain, Republic of Iraq, State of Kuwait, State of Qatar, Kingdom of Saudi Arabia, and the United Arab Emirates.

Quelle: LogEastics

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