UASC establishes joint venture with Indian agents
Kuwait-based ocean carrier United Arab Shipping Co. last week established a joint venture company with its long-term agents in India, Transworld Shipping Services.
The new company, United Arab Shipping Agency Co. (India) Private Ltd. was incorporated on March 5, and will assume agency duties from April 2.
The shipping line holds the majority share in UASAC (India), which remains located at Transworld’s existing office locations.
“We’ve been working with our friends at Transworld towards this end for some time,” said Ken Bloch S'rensen, UASC’s president and chief executive officer. “We are delighted to have achieved our goal of providing a stable platform on which to build our future growth in India.”
Indrajit Ray, country general manager of UASAC (India), said: “For UASC’s customers it will be a seamless transition, and they will be unaffected by this development. The same people will be caring for their cargo and managing our customer support services.”
UASC establishes joint venture with Indian agents
