| Soerensen |
UASC said that under Soerensen it has seen considerable growth in revenues, continued as a regional market leader and established a larger and stronger presence in the global container markets.
Last June UASC signed a contract for nine 13,100-TEU ships with Samsung Heavy Industries valued in excess of $1.5 billion. Also during Sorensen’s tenure the company took delivery of eight ships each capable of loading in excess of 6,900 TEUs, the last in November.
Soerensen had been both a senior executive at A.P. Moller – Maersk and APL, and executive director of the European Liners Affairs Association before joining UASC.
UASC was established in July 1976 by six shareholding states from the Arabian Gulf — Bahrain, Iraq, Kuwait, Qatar, Saudi Arabia and U.A.E.
UASC said its board would announce a successor to Soerensen after its May 21 board meeting.
