United Arab Shipping Co has confirmed that its financial figures released this week are accurate but added several assumptions are “incorrect”.
The containership owner revealed a net loss of $201m in the first half and total debt of $4.06bn, a few days ahead of a Hapag-Lloyd shareholders’ meeting, scheduled for today.
Hapag-Lloyd provided the figures as part of the disclosures to shareholders prior to the meeting.
UASC
