United Arab Shipping Co is exploring the option of cashing in its chips in tanker company United Arab Chemical Carriers, it emerged today.
Bank of America Corp is handling the process, which follows a planned takeover of UASC’s container fleet by Hapag-Lloyd.
Bloomberg reports that the sale could value the UACC fleet at above $600m.
This is some way from the $530m figure VesselsValue has against the 24 ship fleet today.
The
