A number of Gulf-based bidders are said to have emerged as potential buyers of United Arab Chemical Carriers (UACC).

United Arab Shipping Company (UASC) holds a 45% stake in UACC and its sale is a condition of UASC's merger between Hapag Lloyd.

Saudi Arabia's Bahri is said to be among the suitors together with Qatari shipping group Milaha and an unidentified United Arab Emirates-based bidder.